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Thursday, October 18, 2018, 15:00 - 16:00

Yuqing Xing, Professor of Economics, GRIPS

"US-China Trade War – the Real Story!"

What is shaping up to be a disastrous conflict can still be averted if only China grasps the fact that the battle front is narrower than it appears and that it really is about tariffs rather than about the US wanting to slow China's rise as an economic great power, claims Professor Xing.

Beijing has misread the situation and what is now a threatened trade war could turn into real conflict, leading to security incidents as well as economic clashes, he argues.

China is operating behind the protection of high tariff walls by classifying itself as a "developing country" and President Donald Trump is determined to breach those walls, he says. In particular, Trump wants access to the Chinese auto market where the potential for US car sales (unlike in Japan) is huge.

Lower import tariffs in China would not only benefit US exporters (and those in Japan and elsewhere) but would also be good for Chinese consumers who are denied access to good quality and competitively priced imports – an argument that Professor Xing has been making even in China.

The current conflict is "a rational and natural response by the United States to China's economic challenge," argues Xing, a prominent Chinese academic and researcher. A Visiting Research Professor at the East Asian Institute of the National University of Singapore, he is also Professor of Economics at the National Graduate Institute for Policy Studies in Tokyo.

Professor Xing served as director of the Capacity Building and Training Department of the Asian Development Bank Institute from 2011 to 2014. He also held the positions of sabbatical fellow at the World Institute for Development Economics Research and visiting professor of the Institute of Advanced Studies, both at the United Nations University; visiting research fellow of the Bank of Finland; and visiting research professor of the East Asian Institute at the National University of Singapore.

Please reserve in advance, 3211-3161 or on the website (still & TV cameras inclusive). Reservations and cancellations are not complete without confirmation.

Professional Activities Committee

 Xing

 

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