Opportunities and Challenges in Doing Business and Trade in China-U.S.

Dr. Guoqiang Tian, Professor, Department of Economics

The world and the U.S. have a large stake in China and whether it continues to be politically stable and makes a smooth institutional transition to a free market economy. This is why the reforms undertaken in China have attracted the attention of policy-makers and scholars. With China's transition to a market-oriented economy and high-speed economic development, the U.S. has become the biggest trade partner of China, and China has become the sixth biggest partner of the U.S. Because China's economy will likely maintain a high rate of growth and has huge potential markets, increased numbers of U.S. business firms will invest and do business in China. Some of China's big firms also have begun to directly invest in the U.S. These trends will continue and are an invertible phenomenon. The research roundtable intends to discuss opportunities and challenges that governments and business firms face in doing business and trade in both countries. The roundtable topics include: 1) Implications of RMB Devaluation and Currency Stability; 2) Problems and Solutions of the US Trade Deficit with China and Intellectual Property Rights Protection; 3) Reforms of Financial System and Private Bank Development in China; 4) Comparative Advantages and China-US Economic Cooperation; 5) China-US Trade and Business Development; and 6) Poverty and Social Justice