A perennial, high-profile issue in U.S.-China trade relations from 1989, the year of the Chinese government¿s suppression of political dissidents during and after the Tianamen Square incident, to 1997, has been the U.S. renewal of China¿s status for Most-Favored-Nation (MFN) duty treatment. Since 1989, the U.S. has renewed this status annually; however, each time the process for the renewal has occurred under strenuous discussion and debate between U.S. policy makers. It is likely these discussions will receive even more attention. This paper presents a background discussion of the recent history of China¿s MFN status, the composition of U.S. imports from China in 1995, and a brief summary of the literature examining this question. Illus.

Excerpt from The Impact of Mfn for China on U. S. China Economic Relations: Hearing Before the Subcommittee on International Economic Policy and Trade and the Subcommittee on Asia and the Pacific Committee on International Relations House of Representatives, One Hundred Fourth Congress, Second Session, May 16, 1996 The trading system has to have an agenda that we have thought through clearly. The day is over for China and for us when we do not really look at the realities of the new situation. In today's hearing we have some of our best corporate leaders and government experts and scholars to help us think strategically about China. I can think of no more important issue that will be debated this summer than mfn. So I want to take the testimony we have. From our witnesses today and make sure that all of our 435 Congressmen and our 100 Senators all have an Opportunity to look at this testimony. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

In less than three decades, China has grown from playing a negligible role in international trade to being one of the world's largest exporters, a substantial importer of raw materials, intermediate outputs, and other goods, and both a recipient and source of foreign investment. Not surprisingly, China's economic dynamism has generated considerable attention and concern in the United States and beyond. While some analysts have warned of the potential pitfalls of China's rise—the loss of jobs, for example—others have highlighted the benefits of new market and investment opportunities for US firms. Bringing together an expert group of contributors, China's Growing Role in World Trade undertakes an empirical investigation of the effects of China's new status. The essays collected here provide detailed analyses of the microstructure of trade, the macroeconomic implications, sector-level issues, and foreign direct investment. This volume's careful examination of micro data in light of established economic theories clarifies a number of misconceptions, disproves some conventional wisdom, and documents data patterns that enhance our understanding of China's trade and what it may mean to the rest of the world.

For more than a century, no US adversary or coalition of adversaries - not Nazi Germany, Imperial Japan, or the Soviet Union - has ever reached sixty percent of US GDP. China is the sole exception, and it is fast emerging into a global superpower that could rival, if not eclipse, the United States. What does China want, does it have a grand strategy to achieve it, and what should the United States do about it? In The Long Game, Rush Doshi draws from a rich base of Chinese primary sources, including decades worth of party documents, leaked materials, memoirs by party leaders, and a careful analysis of China's conduct to provide a history of China's grand strategy since the end of the Cold War. Taking readers behind the Party's closed doors, he uncovers Beijing's long, methodical game to displace America from its hegemonic position in both the East Asia regional and global orders through three sequential "strategies of displacement." Beginning in the 1980s, China focused for two decades on "hiding capabilities and biding time." After the 2008 Global Financial Crisis, it became more assertive regionally, following a policy of "actively accomplishing something." Finally, in the aftermath populist elections of 2016, China shifted to an even more aggressive strategy for undermining US hegemony, adopting the phrase "great changes unseen in century." After charting how China's long game has evolved, Doshi offers a comprehensive yet asymmetric plan for an effective US response. Ironically, his proposed approach takes a page from Beijing's own strategic playbook to undermine China's ambitions and strengthen American order without competing dollar-for-dollar, ship-for-ship, or loan-for-loan.