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Lawrence Lau, a longtime professor of economics, sees no winners in the US–China trade war. Yet his study of the tit-for-tat battle between Washington and Beijing isn’t a political screed. Instead, Lau serves up a clear-eyed analysis of the geopolitical underpinnings of the trade dispute. He even calculates how much a full-scale trade war would cost the Chinese economy – and he concludes it would be little more than a glancing blow. Economists, executives and China watchers will appreciate this straightforward analysis of a complicated issue.
About the Author
Lawrence J. Lau is a professor emeritus in economic development at Stanford University and a professor of economics at the Chinese University of Hong Kong.