BRIDGING THE PACIFIC: TOWARD FREE TRADE AND INVESTMENT BETWEEN CHINA AND THE UNITED STATES

Book ID/图书代码： 06571014B73234

English Summary/英文概要： The terrain of the world trading system is shifting as countries in Asia, Europe, and North America negotiate new trade agreements. However, none of these talks include both China and the United States, the two biggest economies in the world. In this pathbreaking study, C. Fred Bergsten, Gary Clyde Hufbauer, and Sean Miner argue that China and the United States would benefit substantially from a bilateral free trade and investment accord. In the process, they contend, each country would also achieve progress in addressing its internal economic challenges, such as the low saving rate in the United States.

Achieving greater trade and investment integration could be accomplished with one comprehensive effort or through step-by-step negotiations over key issues. The authors call on the United States to seek liberalization of China’s services sector as vital to securing an agreement, and they explain that such contentious matters as cyber espionage and currency manipulation be handled through parallel negotiations rather than in the agreement itself. This is an important study of the benefits and difficulties of a complex matter that could yield dividends to the two economies and help stabilize the security and well-being of the rest of the world.

Chinese Summary/中文概要： 世界贸易体系随地形发生变化，亚洲，欧洲和北美国谈判达成新的贸易协议。然而，这些会谈不包括世界上最大的两个经济体中国和美国。在这个探索性的研究中，C.弗莱德·博格斯腾，加里·克莱德·赫夫鲍尔和肖恩·米勒尔认为中国和美国将从双边自由贸易和投资协议中大大受益。他们认为在这个过程中，每个国家也将在解决其内部的经济挑战中取得进展，如美国的低储蓄率。

实现更大的贸易和投资一体化能够通过一个全面的努力或者对关键问题的一步一步的谈判来实现。作者呼吁美国将中国服务业的自由化视为保证协议至关重要的东西，他们解释说如网络间谍和操纵货币的争议事件可以通过并行谈判而不是协议本身来处理。这是一个非常重要的研究，关于可能产生两个帮助稳定世界的安全和幸福的经济体的复杂问题的好处和困难。(LNL)

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Format:TRADE PAPERBACK

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