The Opportunities and Tensions from China’s Integration into the World Economy

On October 9, 2007, Brookings hosted an inaugural conference on China’s integration into the world economy where David McCormick, Under Secretary of International Affairs at the U.S. Treasury, presented the luncheon keynote on issues of U.S.-China economic relations. While China’s emergence as an economic powerhouse has generated many benefits to the world, it has also created concerns about fair trading practices, currency manipulation, and environmental sustainability. This conference explored the fundamental implications of China’s growth and proposed thoughtful solutions to manage the resulting tensions. Leading academic researchers and business leaders convened to discuss and examine the issues.