Este artículo no constituye un asesoramiento legal, contable ni profesional de otro tipo. Aunque la información contenida en el presente pretende se precisa, Cathay Bank no asume responsabilidad por pérdidas o daños y perjuicios ocasionados por confiar en dicha información.

Este artículo no constituye un asesoramiento legal, contable ni profesional de otro tipo. Aunque la información contenida en el presente pretende se precisa, Cathay Bank no asume responsabilidad por pérdidas o daños y perjuicios ocasionados por confiar en dicha información.

1. According to China’s official release, China’s nominal export value to the world in the first nine months of 2021 was 33% higher than the same period in 2020, and 32% higher than the same period in 2019.
2. We are grateful for the support from the UCLA Center for Global Management’s Faculty Global Research Award. We thank our research assistant, Cara Keogh, for her helpful work.
3. It could be lower if China’s trade growth was overestimated.
4. See our annual economic report in 2020
5. Based on Bureau of Economic Analysis in 2021 Q1 to Q3 data.
6. We are grateful for the support from the UCLA Center for Global Management’s Faculty Global Research Award. We thank our research assistant, Cara Keogh, for her helpful work.
7. See Wei Chen, Chang-Tai Hsieh, Xilu Chen, and Zheng Song, “A Forensic Examination of China’s National Accounts,” NBER Working Paper #25754.

About the report

In the U.S.-China 2022 Annual Economic Report, sponsored by Cathay Bank, UCLA Anderson Forecast provides its view of economic analysis and perspective on the current and future outlook relating to the two largest economies in the world — the United States and China.

UCLA Anderson Forecast has been the leading independent economic forecast of both the U.S. and California economies for over 65 years. The annual report and periodic columns focus on current topics affecting investment flows and associated economic events between China and the United States.

This report includes forecasts, projections and other predictive statements that represent UCLA Anderson Forecast’s economic analysis and perspective on the current state and future outlook of the economies of The United States and China based on then available information. These forecasts take into account industry trends and other factors, and they involve risks, variables and uncertainties. This information is given in summary form and does not purport to be complete. Information contained in this report should not be considered advice or recommendation for a particular course of action and does not take into account any particular business objectives, financial situation or needs.

Readers are cautioned not to place undue reliance on the forward-looking statements. UCLA Anderson Forecast does not undertake any obligation to publicly release the result of any revisions to these forward-looking statements after the date of this report. While due care has been used in the preparation of the forecast information, actual results may vary in a materially positive or negative way. Forecasts and hypothetical examples are subject to uncertainty and contingencies beyond the control of UCLA Anderson Forecast.

About the authors

Jerry Nickelsburg, Director, UCLA Anderson Forecast

Jerry Nickelsburg joined the UCLA’s Anderson School of Management and The Anderson Forecast in 2006. Since 2017 he has been the Director of The Anderson Forecast. He teaches economics in the MBA program with a focus on Business Forecasting and on Asian economies. He has a Ph.D. in economics from the University of Minnesota and studied at The Virginia Military Institute and George Washington University. He is widely published and cited on issues related to economics and public policy.

William Yu, Economist, UCLA Anderson Forecast

William Yu joined the UCLA Anderson Forecast in 2011 as an economist. At Forecast he focuses on the economic modeling, forecasting and Los Angeles economy. He also conducts research and forecast on China’s economy, and its relationship with the US economy. His research interests include a wide range of economic and financial issues, such as time series econometrics, data analytics, stock, bond, real estate, and commodity price dynamics, human capital, and innovation.

Este artículo no constituye un asesoramiento legal, contable ni profesional de otro tipo. Aunque la información contenida en el presente pretende se precisa, Cathay Bank no asume responsabilidad por pérdidas o daños y perjuicios ocasionados por confiar en dicha información.

Este testimonio fue proporcionado en forma voluntaria por el cliente, a quien no se le pagó ni se le otorgó productos gratuitos ni ningún otro beneficio a cambio de esta información.

Este artículo no constituye un asesoramiento legal, contable ni profesional de otro tipo. Aunque la información contenida en el presente pretende se precisa, Cathay Bank no asume responsabilidad por pérdidas o daños y perjuicios ocasionados por confiar en dicha información.