2011 | 7 | 25-38
Article title

US–Chinese Core Economic Relations in the Light of the Current Crisis

Title variants
Zarys amerykańsko-chińskich stosunków gospodarczych w świetle obecnego kryzysu
Languages of publication
US‒China relations have followed an irregular course with improvements overshadowed by various problems and reverses. Chinese economic and trade reforms began in 1979 and have helped to transform the PRC into the one of the world’s fastest growing economies. China’s entry into the World Trade Organization (WTO) at the end of 2001 required it to open up its economy to foreign trade and investment by dismantling a large number of trade barriers and liberalising further its foreign investment regime. Beyond removing trade barriers, economic growth in the PRC has since resulted in significant new opportunities in US‒Chinese economic relations. Unfortunately, economic relations between these two countries have been marked by a number of issues, including a large US trade deficit with the PRC, China’s refusal to float its currency and failure to fully implement many of its WTO obligations. In addition, there has been growing concerns in the US over the huge foreign exchange reserves (FER) China has amassed.
Physical description
  • Uniwersytet Ekonomiczny w Krakowie, Katedra Ekonomii, ul. Rakowicka 27, 31-510 Kraków, Poland,
  • Bouveret, A., Mestiri, S. and Sterdyniak, H. (2007) "The Renminbi Equilibrium Exchange Rate: An Agnostic View". Bank i Kredyt, August−September.
  • Bown, C. P., Crowley, M. A., McCulloch, R. and Nakajima, D. J. (2005) "The US Trade Deficit: Made in China?" Federal Reserve Bank of Chicago, Economic Perspectives, 4Q.
  • Council on Foreign Relations (2007) "US−China Relations: An Affirmative Agenda, A Responsible Course. Report of an Independent Task Force". Council on Foreign Relations.
  • Elwell, C. K., Labonte, M. and Morrison, W. M. (2007) "Is China a Threat to the US Economy?". CRS Report for Congress.
  • Fajola, A. (2009) "China Worried about US Debt. Biggest Creditor Nation Demands a Guarantee". The Washington Post, March.
  • Goldstein, M. and Lardy, N. (2007) China's Exchange Rate Policy: An Overview of Some Key Issues. Peterson Institute for International Economics.
  • International Monetary Fund (2009) "Direction of Trade Statistics". Published in Global Market Information Database, Euromonitor International.
  • Izurieta, A. and Singh, A. (2008) "Does Fast Growth in India and China Harm US Workers? Insights from Simulation Evidence". Working Paper No. 378, Centre for Business Research, Cambridge University.
  • Johansson, A. C. (2009) "Is US Money Causing China's Output?". Working Paper No. 6, Stockholm School of Economics.
  • Kaufman, A. A. (2008) US−China Economic Relations Issues and Prospects. Shanghai, China: Fudan University.
  • Lardy, N. (2008) Core Economic Issues in US−China Relations: Currency, the Trade Deficit, Investment and Finance, Food and Product Safety. Peterson Institute for International Economics.
  • Morrison, W. M. (2008) China−US Trade Issues. CRS Report for Congress.
  • Morrison, W. M. and Labonte, M. (2008a) "China's Currency: Economic Issues and Options for US Trade Policy". CRS Report for Congress.
  • Morrisson, W. M. and Labonte, M. (2008b) "China's Holdings of US Securities: Implications for the US Economy". CRS Report for Congress.
  • Morrison, W. M. and Labonte, M. (2009) China's Currency: A Summary of the Economic Issues. Congressional Research Service.
  • Setser, B. (2006) The US−China Economic and Security Review Commission: Oxford Global Economic Governance Center, University College.
  • USCC (2008) "USCC Annual Report to Congress". 110th Congress, Second Session, US−China Economic and Security Review Commission.
  • US−China Business Council (2008) "US−China Trade in Context". US−China Business Council.
  • US−China Business Council (2009) "China and the US Economy: Advancing a Winning Trade Agenda". Recommendations for the new Administration and Congress. US−China Business Council.
  • US Congress (2008) "Report to Congress of the US−China Economic and Security Review Commission". 110"' Congress, Second Session, November.
  • US Treasury Department (2008) "Preliminary Report on Foreign Holdings of US Securities at the End of June 2008". US Treasury Department.
  • Zweig, D. (2008) "China and the World Economy: The Rise of a New Trading Nation". Paper to the World International Studies Association, Ljubljana, Slovenia, 24 July.
Document Type
Publication order reference
YADDA identifier
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.