As the United States and China emerge from the global financial crisis, both countries face exceptionally difficult challenges to their domestic economies. In response, both are embarking on major domestic economic restructuring programs that are likely to have substantial ripple effects on their bilateral relationship and the global economy. Each country has important interests in the success of the other country’s domestic economic outcomes, as the changes sought by each arguably meet the interests of the other.
On May 19, the Brookings Institution and China’s Caixin Media hosted a conference examining the substance and prospects for economic restructuring in China and the U.S. over the next five years and the impact on their bilateral relationship. Zhu Min, special advisor to the managing director of International Monetary Fund, gave a keynote address.
After each panel, the speakers took audience questions.