Evan A. Feigenbaum
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}Source: Getty
Why Sino-U.S. Interdependence Is Not Enough
The United States and China need to define an affirmative economic agenda to strengthen their relationship and move their economies forward.
Source: CNBC
Speaking on CNBC, Carnegie’s Evan Feigenbaum stated that Sino-U.S. interdependence alone is clearly not sufficient as each country pursues regional trade treaties that exclude the other (for example, the Trans-Pacific Partnership in the United States and the Regional Comprehensive Economic Partnership in China). The challenge is for the two countries to create amuttually beneficial affirmative economic agenda. One way to do this is to focus on investments through a bilateral investment treaty (BIT) that examines issues across borders and behind borders, Feigenbaum stated, such as competition policies and subsidies.
About the Author
Vice President for Studies
Evan A. Feigenbaum is vice president for studies at the Carnegie Endowment for International Peace, where he oversees work at its offices in Washington, New Delhi, and Singapore on a dynamic region encompassing both East Asia and South Asia. He served twice as Deputy Assistant Secretary of State and advised two Secretaries of State and a former Treasury Secretary on Asia.
- In Its Iran War Debate, Washington Has Lost the Plot in AsiaCommentary
- Beijing Doesn’t Think Like Washington—and the Iran Conflict Shows WhyCommentary
Evan A. Feigenbaum
Recent Work
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
More Work from Carnegie China
- China’s Energy Security Doesn’t Run Through Hormuz but Through the Electrification of EverythingCommentary
Across Asia, China is better positioned to withstand energy shocks from the fallout of the Iran war. Its abundant coal capacity can ensure stability in the near term. Yet at the same time, the country’s energy transition away from coal will make it even less vulnerable during the next shock.
Damien Ma
- The Xi Doctrine Zeros in on “High-Quality Development” for China’s Economic FutureCommentary
In the latest Five-Year Plan, the Chinese president cements the shift to an innovation-driven economy over a consumption-driven one.
Damien Ma
- Malaysia’s Year as ASEAN Chair: Managing DisorderCommentary
Malaysia’s chairmanship sought to fend off short-term challenges while laying the groundwork for minimizing ASEAN’s longer-term exposure to external stresses.
Elina Noor
- When It Comes to Superpower Geopolitics, Malaysia Is Staunchly NonpartisanCommentary
For Malaysia, the conjunction that works is “and” not “or” when it comes to the United States and China.
Elina Noor
- ASEAN-China Digital Cooperation: Deeper but Clear-Eyed EngagementCommentary
ASEAN needs to determine how to balance perpetuating the benefits of technology cooperation with China while mitigating the risks of getting caught in the crosshairs of U.S.-China gamesmanship.
Elina Noor