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C. TODAY
Chamber
Releases In-Depth
Analysis of U.S.-
China Economic
Relationship
WASHINGTON, D.C. — The U.S. Chamber of important takeaways that should be taken into
Commerce’s China Center, in partnership consideration:
with Rhodium Group, released a new analysis
today examining the complexity of the U.S.-China • Data analysis is critical to
economic relationship. A first-of-its-kind study, policymaking. China policy requires economic
“Understanding U.S.-China Decoupling: Macro impact assessment, cost-benefit analysis, and a
Trends and Industry Impacts” seeks to better process of public debate and discovery.
understand the degree to which the U.S. and
Chinese economies are intertwined and dependent • The costs of complete disengagement
on each other for stability and growth. (full decoupling) are uncomfortably high.
Policies that reduce the costs to the U.S. economy
By analyzing the economic impact of complete while protecting our security—mitigation,
disengagement in four key sectors, the analysis diversification, even simple transparency with
helps quantify the extent to which our two Beijing—deserve careful consideration.
economies are interconnected, ultimately
helping policymakers, businesses, and other • Addressing the China challenge
stakeholders make better informed decisions as the requires a broader spectrum of U.S. policies.
administration seeks to bolster America’s national Promoting domestic innovation and technology,
security and confront China’s rising Statism. and preserving the rules-based, open market order
among like-minded economies are key to U.S.
“China is perhaps the most difficult foreign policy success. Government has a greater role to play,
challenge confronting President Biden. We cannot but one that must have guardrails and ensure the
ignore the economic challenges posed by China’s continued vitality of our market-based system.
rising Statism, nor the growing national security
concerns. Yet, given the interconnectedness of • Washington must renew its value
our two economies and importance of the Chinese proposition to our international partners.
market for U.S. companies, large and small, it No nation can address the China challenge alone,
is critical that policy decisions are informed by especially when it comes to sustaining technology
the best data,” said U.S. Chamber Executive Vice leadership. A plurilateral approach is essential to
President and Head of International Affairs Myron reducing U.S. economic costs and preventing the
Brilliant. “That’s why, for more than 25 years, erosion of U.S. comparative advantage that would
the U.S. Chamber has studied and promoted occur if decoupling policies are implemented
commercial opportunities and worked to address unilaterally.
China’s unfair trade and regulatory practices.”
KEY ECONOMIC FINDINGS
RECOMMENDATIONS FOR
POLICYMAKERS The analysis identifies the potential costs of a
U.S.-China decoupling from two perspectives:
As U.S. policymakers debate the next phase of the aggregate costs for the U.S. economy across
U.S.-China engagement, the U.S. Chamber’s China four key channels (trade, investment, people, and
Center and Rhodium Group have outlined four ideas) and the industry-level costs in four areas of
19 AMCHAM SOUTH CHINA
Chamber
Releases In-Depth
Analysis of U.S.-
China Economic
Relationship
WASHINGTON, D.C. — The U.S. Chamber of important takeaways that should be taken into
Commerce’s China Center, in partnership consideration:
with Rhodium Group, released a new analysis
today examining the complexity of the U.S.-China • Data analysis is critical to
economic relationship. A first-of-its-kind study, policymaking. China policy requires economic
“Understanding U.S.-China Decoupling: Macro impact assessment, cost-benefit analysis, and a
Trends and Industry Impacts” seeks to better process of public debate and discovery.
understand the degree to which the U.S. and
Chinese economies are intertwined and dependent • The costs of complete disengagement
on each other for stability and growth. (full decoupling) are uncomfortably high.
Policies that reduce the costs to the U.S. economy
By analyzing the economic impact of complete while protecting our security—mitigation,
disengagement in four key sectors, the analysis diversification, even simple transparency with
helps quantify the extent to which our two Beijing—deserve careful consideration.
economies are interconnected, ultimately
helping policymakers, businesses, and other • Addressing the China challenge
stakeholders make better informed decisions as the requires a broader spectrum of U.S. policies.
administration seeks to bolster America’s national Promoting domestic innovation and technology,
security and confront China’s rising Statism. and preserving the rules-based, open market order
among like-minded economies are key to U.S.
“China is perhaps the most difficult foreign policy success. Government has a greater role to play,
challenge confronting President Biden. We cannot but one that must have guardrails and ensure the
ignore the economic challenges posed by China’s continued vitality of our market-based system.
rising Statism, nor the growing national security
concerns. Yet, given the interconnectedness of • Washington must renew its value
our two economies and importance of the Chinese proposition to our international partners.
market for U.S. companies, large and small, it No nation can address the China challenge alone,
is critical that policy decisions are informed by especially when it comes to sustaining technology
the best data,” said U.S. Chamber Executive Vice leadership. A plurilateral approach is essential to
President and Head of International Affairs Myron reducing U.S. economic costs and preventing the
Brilliant. “That’s why, for more than 25 years, erosion of U.S. comparative advantage that would
the U.S. Chamber has studied and promoted occur if decoupling policies are implemented
commercial opportunities and worked to address unilaterally.
China’s unfair trade and regulatory practices.”
KEY ECONOMIC FINDINGS
RECOMMENDATIONS FOR
POLICYMAKERS The analysis identifies the potential costs of a
U.S.-China decoupling from two perspectives:
As U.S. policymakers debate the next phase of the aggregate costs for the U.S. economy across
U.S.-China engagement, the U.S. Chamber’s China four key channels (trade, investment, people, and
Center and Rhodium Group have outlined four ideas) and the industry-level costs in four areas of
19 AMCHAM SOUTH CHINA
