The United States-China relationship is at a critical juncture. Both countries are undergoing tremendous historical changes, and the globe is facing growing challenges in promoting broad-based and sustainable economic development. This report analyzes the tensions and challenges in the relationship and offers policy recommendations about the relationship in the areas of trade, investment, finance, and climate change. Kennedy and He suggest that to address these issues, bilateral engagement can achieve only so much, and that more emphasis needs to be placed on regional and multilateral forums.

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This report is a part of the Initiative on China and Global Governance, a three-year project undertaken by the Research Center for Chinese Politics & Business (RCCPB) with support from the Henry Luce Foundation. The initiative has included 30 research projects, multiple articles, three books, four international conferences, the Chinese industry-US government roundtable series, and the formation of a global governance experts group. 

About the Research Center for Chinese Politics and Business and the Institute of World Economics and Politics 

Founded in February 2007, with offices in Indiana and Beijing, the IU Research Center for Chinese Politics and Business (RCCPB) is committed to providing thought leadership on issues that meet at the intersection of Chinese politics and the global world of business. The center has initiatives on global governance, lawmaking and economic regulation in China, and US-China business cooperation. The Center breaks down traditional boundaries by bringing together scholars from multiple disciplines and by building bridges between universities, stakeholders, and policymakers in the United States, China, and elsewhere.

The CASS Institute of World Economics and Politics was founded in 1964 as the Institute of World Economy. IWEP carries out research on international finance, international trade, multinational companies, industrial policy, and global governance. It has over 100 staff, including senior fellows, research fellows, researchers, and doctoral and master’s students. IWEP annual issues a “Yellow Book of International Economy” and sponsors five journals. It carries out extensive exchanges with foreign scholarly and policy research organizations, and regularly contributes to policy discussions in China.