For economics professor Shang-Jin Wei, the tensions in US-China relations are characterized by a shrinking gap between the two economic giants in terms of GDP.
“Unless China has some disastrous policymaking, that gap is going to continue to narrow,” says Wei. “Because it has a much larger population, the Chinese can catch up in GDP and there is a high probability it will surpass the US.”
In conversation with Neil Irwin ’08, senior economics correspondent for the New York Times, Wei, the N.T. Wang Professor of Chinese Business and Economy, compares the current US-China relationship with the rise of the Japanese economy in the 1980s and emphasizes the need for collaboration between the two nations in the coming years.
The discussion between Irwin and Wei, which includes the future of global trade and how COVID-19 virus will alter both countries’ economies, can be viewed here.
About the researcher
Dr. Shang-Jin Wei is N.T. Wang Professor of Chinese Business and Economy and Professor of Finance and Economics at Columbia University’s...Read more.