Peter Martin, Crawford School of Public Policy, Australian National University
The Conversation’s distinguished panel predicts unusually weak growth, dismal spending, no improvement in either unemployment or wage growth, and an increased chance of recession.
Chinese electric vehicle sales already amount to more than half of the world’s total – and car makers and battery manufacturers are working hard to grow even faster.
Peter Martin, Crawford School of Public Policy, Australian National University
The Conversation has assembled a forecasting team of 19 academic economists from 12 universities across six states. Together, they assign a 25% probability to a recession within two years.
Gordon Adams, American University School of International Service
President Trump is criticized for wreaking havoc on the international order, where the US was the established leader. But Trump is simply hastening a change that has been a long time coming.
The Trump administration’s plans to restrict visas for Chinese students to curtail intellectual property theft may be necessary, but could also scare away talent, a U.S-China relations expert warns.
Chinese President Xi Jinping spoke of plans to further open up the Chinese economy this week - and the world economy should hope US president Trump feels vindicated by this.
While the tariffs are unlikely to stem Chinese intellectual property theft or reverse the steep trade deficit, they are certain to hurt American companies and consumers.
China’s surplus of unmarriageable men poses a stark dilemma for Xi and other leaders as they set the country’s economic course for the next five years.
Leaders are worried US leadership on global issues like climate change will be diminished under President Trump. Experts explain why China is ready to lead, and how that could be a good thing.
China’s goods are everywhere, thanks to the gains China has made from trade and foreign investment. Now that China wants to return the favor, the US may risk losing out if it chooses to turn inward.
Uber’s ‘retreat’ from China has led to soul-searching about whether the country is worth it. Don’t tell that to Coca-Cola and GM, however, which have found great success in the People’s Republic.