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August 14, 2024

China
China’s Imaginary Trade Data

China has a new way of calculating its good surplus in its formal balance of payments data. It is a deeply misleading. It also explains the apparent fall in the current account account surplus.

China’s Imaginary Trade Data

February 8, 2012

Trade
Morning Brief: Strategy Needed for U.S. Manufacturing

U.S. manufacturing doesn't need "special treatment," but a coherent set of policies comparable to what U.S. competitors are providing for their economies, writes Stephen Ezell for the Innovation Poli…

August 8, 2024

China
Fentanyl Supply Chains in China: Chinese Fentanyl Makers and Domestic Circulation

China’s industrial policies may boost its number of small-scale chemical intermediate producers, increasing the risk that certain opportunistic firms may venture into supplying various precursors for…

An employee works on a production line manufacturing drugs at the Yangtze River Pharmaceutical Group in Taizhou, Jiangsu province, China September 3, 2019

May 15, 2017

China
China Still Wants To Import Commodities, Not Manufactures (Judging From The "Early Harvest" Trade Deal)

China tends to import natural resources—oil, iron ore, soybeans and the like. Now that China has a large industrial economy, it doesn't have much choice: China wasn’t blessed with a ton of oil or gas…

China Still Wants To Import Commodities, Not Manufactures (Judging From The "Early Harvest" Trade Deal)

May 16, 2012

Fossil Fuels
Energy and U.S. Manufacturing: Five Things to Think About

The boom in U.S. oil and gas production has sparked talk of a manufacturing renaissance. I mentioned that somewhat skeptically last week in the context of a much broader piece on the excitement surro…

September 5, 2024

United States
A Conversation With Mike Froman

CFR President Mike Froman discusses his career, priorities for the Council, and the current events affecting U.S. foreign policy, including the 2024 U.S. presidential election. The CFR Young Profe…

Play Michael Froman speaks at a meeting in The Council on Foreign Relations in Washington, D.C.

July 10, 2024

China
U.S.-China Economic Relations With Jay Shambaugh

Jay Shambaugh discusses U.S.-China macroeconomic engagement and dialogue with Chinese leadership on overcapacity and economic imbalances. The C. Peter McColough Series on International Economics b…

Play U.S. President Donald Trump and China's President Xi Jinping shake hands with their countries flags behind them.