China & World Economy Volume 28 Number 2 March–April 2020

Contents

Special Issue
Looking beyond the China–US Trade Friction: China’s Economic Prospects
and Participation in the Global Trading System

Words from the Editorial Office / 1

China, Like the US, Faces Challenges in Achieving Inclusive
Growth through Manufacturing                                         
Robert Z. Lawrence 3

Should China Join the New Trans-Pacifi c Partnership?
Peter A. Petri, Michael G. Plummer 18

Are Chinese Acquirers Discriminated against in Cross-border Mergers
and Acquisitions? An Analysis Based on Covered
Transactions Filed with CFIUS
Sichong Chen, Wenxue Li, Qi Wang 37

Chinese Investment in the US and the EU is Declining—for Similar Reasons
Jacob Funk Kirkegaard 59

European versus American Perspectives on the Belt and Road Initiative
Madi Sarsenbayev, Nicolas Véron 84

Why Does the US Face Greater Disadvantages in the Trade War with China?
Yew-Kwang Ng 113

How Will the Implementation of Zero Tariffs Affect Employment in China?
Qingyi Su, Chengwei Zang 123