“There is nothing more important than Sino-US relations,” said Tom Pritzker, executive chairman of Hyatt Hotels Corporation and University of Chicago Trustee, who presented on a panel with Hank Paulson, former US Treasury Secretary. Pritzker’s sentiment was echoed by other participants, including Joshua Ramo, Co-CEO of Kissinger Associates, who warned that failure of the two countries to engage productively would harm future generations. “Continued conflict between the US and China stops us from finding areas of common interest, and presents a deeper cost than we may want to pay.”

And the cost of that conflict could extend beyond those two countries, according to UChicago President Robert J. Zimmer. China’s economy is undergoing a transformation that has ripple effects for economies around the world, Zimmer said in his opening remarks. “At the same time, there has been significant escalation in economic tensions between the US and China that also impact global markets,” he said. Nearly two dozen foreign policy experts and academics parsed the significance of those economic tensions for the US, China, and the world.
Read reflections and highlights from the US-China Forum.
Highlights
Watch, read, or listen to the discussions that took place at the 2018 US-China Forum.
November 1 Opening Remarks
Welcoming remarks to begin the 2018 US-China Forum.
Speakers: Bala Srinivasan, Robert J. Zimmer, Michelle Caruso-Cabrera
The Role of the Business Community in Developing US-China Relations
The presenters describe their personal experience with opening businesses in China, and reflect on the role that business relationships can play in shaping trade policy.
Speakers: Hank Paulson, Tom Pritzker; Facilitator: Michael Greenstone.
Video · Audio · Transcript
The Trillion Dollar Question: What are the Goals of China’s Belt and Road Initiative?
Presenters offer both skeptical and hopeful reviews of China’s Belt and Road Initiative, including an insightful exchange on the role of financing when determining costs and benefits of BRI projects.
Speakers: Austan Goolsbee, Kenneth Pomeranz, Dali Yang; Facilitator: Michelle Caruso-Cabrera
Video · Audio · Transcript
Diplomacy in an Era of Trade Tension
This spirited discussion highlights a number of issues where US and Chinese diplomats don’t necessarily see eye-to-eye, but also reveals opportunities for possible negotiation.
Speakers: Max Sieben Baucus, Joshua Ramo, Zhou Wenzhong; Facilitator: Michelle Caruso-Cabrera
Video · Audio · Transcript
China’s Economic Outlook: Issues and Policies
Amid questions of whether China can maintain its high growth rates into the future, panelists debated the merits of state vs. free-market economies and to what degree China has embraced market reforms.
Speakers: Yiping Huang, Anil Kashyap, Brad W. Setser; Facilitator: Robert E. Rubin
Video · Audio · Transcript
November 2 Opening Remarks
Opening remarks and a brief recap of day one of the forum.
Speakers: Daniel Diermeier, Liu Jun
China’s Role in Global Finance and Trade Growth
China’s ambitious development plans around the world have brought heightened attention to its financial systems, both state-owned and a growing shadow banking system. Presenters discussed the challenges and opportunities for both China and recipient countries.
Speakers: Lars Peter Hansen, Raghuram G. Rajan, Wang Yanzhi; Facilitator: Michelle Caruso-Cabrera
Video · Audio · Transcript
Chinese Leadership in Global Clean Energy Investment, Green Finance, and Sustainable Infrastructure Development
China has experienced enormous health benefits from introducing pollution-control measures in some of its large cities, but there is still more work to be done, both in China and in the many countries where it has current and future development plans.
Speakers: Michael Greenstone, Deborah Lehr, Pin Ni, Richard L. Sandor; Facilitator: Michelle Caruso-Cabrera
Video · Audio · Transcript
The Impacts of Chinese Investments on Recipient Countries
While China is still in the early stages of its wide-ranging Belt and Road Initiative (BRI), the impacts of the varied development projects are already being felt around the world, with sometimes mixed results.
Speakers: Caroline Freund, W. Gyude Moore, Arif Rafiq, Andrew Small; Facilitator: Chang-Tai Hsieh
Video · Audio · Transcript
US-China Forum Photos
Key Insights on China and the Global Economy
At the US-China Forum, participants sat down with BFI to discuss their opinions and analysis on China’s economic growth and its impacts on the global economy.
Reflections from the 2018 US-China Forum
Speaker: Michelle Caruso-Cabrera
The Benefits and Challenges of the Belt and Road Initiative
Speaker: Caroline Freund
The Impact of the US-China Tariff War
Speaker: Austan Goolsbee
Improving US-China Relations Through Research Partnerships
Speaker: Chang-Tai Hsieh
The History of China’s Debt Risk and Implications for the Global Economy
Speaker: Anil Kashyap
Opportunities and Challenges of Chinese Investments for African Nations
Speaker: W. Gyude Moore
Conducting Business in China: A Conversation with Tom Pritzker
Speakers: Tom Pritzker, Michael Greenstone
China’s Impact on Multilateral Institutions & Investment Strategies: A Conversation with Raghu Rajan
Speakers: Raghu Rajan, Erik Hurst
The Current State of US-China Relations
Speaker: Robert E. Rubin