{"product_id":"the-chinaus-trade-war-and-future-economic-relations","title":"The China-U.S. Trade War and Future Economic Relations","description":"\u003cp\u003eSome believe in the Thucydides Trap: the idea that  since a rising power will challenge the dominance of an established one  a China-U.S. trade war will be inevitable. Being the largest and the second largest trading nations globally  the U.S. and China are in fact each others most important trading partners  among many aspects of their complex interrelationships.  In this book  Lawrence J. Lau examines various economic statistics of the past few decades to show that while the real effects of the China-U.S. trade war in 2018 are not negligible  they are relatively manageable for both nations. There is no need to panic  despite psychological effects on the Chinese stock markets and on the renminbi exchange rate. Behind the trade war is the potential economic and technological competition between China and the U.S.  which is likely to become the new normal. It is up to each government to battle against the rise of xenophobia  based on the fact that China-U.S. economic collaboration is a potentially positive-sum game through better coordination and fully utilizing each others currently underutilized resources. Balancing China-U.S. trade and enhancing economic interdependence are not only possible  but desirable.\u003c\/p\u003e","brand":"My Store","offers":[{"title":"Default Title","offer_id":44964406100021,"sku":"ByrdShop_9882371124","price":70.1,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0627\/8139\/0901\/files\/9789882371125.jpg?v=1770460064","url":"https:\/\/atxbooks.com\/products\/the-chinaus-trade-war-and-future-economic-relations","provider":"ATX Books","version":"1.0","type":"link"}