The Antitrust Bulletin

Velk, Thomas; Gong, Olivia

doi: 10.1177/0003603X15573752pmid: N/A

Velk, Thomas; Gong, Olivia; Zuckerbrot, Ariel S. N.

doi: 10.1177/0003603X15573753pmid: N/A

This article argues for an improved economic partnership between China and the United States based on nonpolitical, profit-seeking, market, and rule of law–based agreements. We begin by describing the major domestic economic issues that each country is facing, specifically the diverse threats of inflation in China and U.S. government debt. We argue that these substantial obstacles can be best overcome through partnership. As well, we argue that such an arrangement will have the incidental effects of reducing China’s vast income disparity and improving its shaky rule of law. We then describe the current strained relationship between the two nations and argue that these attitudes will be improved through the actions of “agents of change”—young professionals on both sides of the Pacific who study in North America and return to China, building cultural and economic bridges between East and West. We then outline a strategy for partnership, arguing that the United States should allow freer trade with China and should facilitate Chinese direct investment in American assets. We conclude by describing Canada’s potential role in this partnership both as a mediator between the two superpowers and as a source for investment in natural resources.

Mulroney, Brian

doi: 10.1177/0003603X15573754pmid: N/A

Raffin, Nicholas; Wiebe, Eric

doi: 10.1177/0003603X15573755pmid: N/A

Using datasets that range from 1979 to 2014, this article outlines the overseas acquisitions of natural resource, infrastructure, and technology equity in the United States and Canada by Chinese firms. In particular, it examines the liberalization of Chinese Communist Party attitudes toward capital outflows and considers alterations of antitrust policies in the United States and Canada that have been developed as a result of Chinese sovereign wealth fund activity. Although a brief clarification of what constitutes a state-owned versus a private enterprise is provided, the article focuses on reviewing the specific regulations that govern foreign direct investments made in the United States and Canada by Chinese entities.

Liu, Jinjing; Zheng, Zhixiao

doi: 10.1177/0003603X15573756pmid: N/A

China’s prosperity may upset others. Will a rising China reduce the growth rate of other countries? We address the question with statistics by comparing the securities market indices of China with those of the United States and Canada. We ask whether the financial markets—East and West—are positively correlated or negatively correlated. We find a moderate positive correlation. This correlation decreases during extreme market circumstances, particularly during market crashes. The correlation becomes closer—we think better for cooperation—during times of improved international cooperation. The correlation diminishes—we think worse for cooperation—when abrupt negative contingencies arise in the global market. The data show that the correlation increased after China joined the World Trade Organization and dramatically decreased after the financial crisis in 2008. Moreover, our lead and lag analysis shows that North America’s markets forecast later developments in China’s market. In general, there is a trend in the positive correlation between the two economies.

Peng, Danjie; Tsao, Yi Tzu; Glaudemans, Nicolas

doi: 10.1177/0003603X15573757pmid: N/A

This article studies the impact of dual-culture Chinese young professionals (agents) on American–Sino cooperation. It describes the current characteristics and speculates about likely evolution in the importance of agents. We report the manner in which they make career plans. Our findings suggest that agents are a rapidly growing demographic. They have strong career prospects, in part because third parties believe the agents can readily work and communicate on either side of the Pacific. Whether or not they return to China for the long term depends on several variables, including wages, career opportunities, eligibility for expert programs, living standards, and familial considerations. The article also examines how agents are modernizing China’s financial system. We examine how they have advanced retail banking by developing credit-rating systems. We make a case study of Joseph Tsai and his role as an agent in the initial public offering of Alibaba.