Past Events

Stopping the Downward Spiral in the US-China Trade War

Penang Institute is proud to host a public forum titled “Stopping the Downward Spiral in the US-China Trade War” which is scheduled as follows:

Date: 16 August 2019, Friday
Time: 8:00pm – 10:00pm (Doors open at 7:30pm)
Venue: Conference Hall, Penang Institute

The achievement of durable peace for the US-China Trade War will require the mutual recognition that the current US reaction to China’s trade policy has been caused by the coming together of two big changes in economic fundamentals in China and in the World. We call these two changes the New Domestic Normal in China and the New International Normal, respectively. The New Domestic Normal in China is a slowdown in trend growth that requires China to offset by implementing an ambitious “Supply-Side Structural Reform” agenda. The New International Normal is the emergence of a multipolar world where the existing arrangements on global governance are no longer effective, and no longer acceptable to the key stakeholders. There are win-win solutions to US-China Trade War, and they require agreement on sensible rules on economic competition, technological competition, and geo-strategic competition

About the Speaker:
Woo Wing Thye is Distinguished Fellow at Penang Institute and Research Professor at Sunway University where he heads the Jeffrey Cheah Institute on Southeast Asia and the Jeffrey Sachs Center on Sustainable Development. He is also Distinguished Professor at the University of California (Davis), Chang Jiang Professor at Fudan University (Shanghai), Director of East Asia Program in Center for Sustainable Development at Columbia University (New York City), and National Distinguished Expert at Chinese Academy of Social Sciences (Beijing).

Wing was Executive Director of the Penang Institute during 2012-2013. He has been an economic advisor to several governments including China, Indonesia, Malaysia, and USA. Wing’s current research focuses on the growth challenges of the East Asian economies e.g. the middle-income trap, financial sector development, international and regional economic architecture, technology acquisition and innovation, and the Sustainable Development Goals.