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2. China and Canada eye more mutually beneficial trade deal
- Author:
- Dong Yan and Bai Jie
- Publication Date:
- 11-2018
- Content Type:
- Policy Brief
- Abstract:
- A clause in the US-Mexico-Canada trade pact, widely known as a "poison pill" aimed at China, will not stop Canada from continuing to negotiate a free trade agreement with China, Canadian Prime Minister Justin Trudeau said at an event at the National University of Singapore on Thursday. This suggests the US will find it extremely difficult to administer its "poison pill", because it has gone too far in using bullying tactics against other countries－in this case, China.
- Topic:
- Treaties and Agreements, Economy, and Trade
- Political Geography:
- China, Canada, Asia, and North America
3. Economic Sanction Games among the US, the EU and Russia: Payoffs and Potential Effects
- Author:
- Dong Yan and Li Chunding
- Publication Date:
- 07-2018
- Content Type:
- Working Paper
- Abstract:
- Economic sanction of the US and EU on Russia because of Ukraine crisis in 2014 lasts for a long time and is still a hot policy topic. This paper uses a 16-country or region numerical general equilibrium model with trade cost and exogenous trade imbalance to explore this three-country economic sanction game payoffs, and simulate the effects of sanctions on individual countries. Our analysis find that all sanction involved countries will be hurt, but comparatively Russia will be hurt more, and the US and EU will be hurt less. Sanction measures of EU have larger impacts to Russia than the US measures, and meanwhile Russian counter-sanction measures will generate larger impacts on the EU than on the US. From the economic perspective, the optimal choice for US and EU is to give up sanction measures to Russia, and retaliation is Russia’s optimal choice when faced with sanction measures. Countries out of the sanction game will gain because of trade diversion effects.
- Topic:
- Economics, Sanctions, European Union, and Economy
- Political Geography:
- Russia, Europe, and United States of America
4. China will further open up but not due to US pressure
- Author:
- Dong Yan
- Publication Date:
- 06-2018
- Content Type:
- Policy Brief
- Abstract:
- China will take measures to further open up to the outside world, Xi said in his highly-anticipated keynote address at the Boao Forum for Asia. But amid the escalating China-US trade conflict, some people have wrongly assumed Xi made the remarks with the Trump administration's accusations in mind. But a review of China's policies shows the country will deepen reform and opening-up because of its practical development needs, not because of any other country's demand or coercion. And more importantly, if the US insists on starting a trade war, China's further opening-up policies will not apply to any US enterprises. To people concerned about China's development, Xi's speech must have sounded inspiring, but not surprising, as opening-up has been a development theme for China for the past 40 years.
- Topic:
- Development, International Trade and Finance, Economy, and Trade Wars
- Political Geography:
- China, Asia, and United States of America