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Cathay Bank | UCLA Anderson Forecast U.S.-China Economic Report

The Pandemic and the Trade Agreement

This year began with two significant events affecting U.S./China economic relations. First, the January 2020 outbreak of coronavirus (COVID19) interrupted China to U.S. supply chains with closed factories and extended holidays. It has now become a worldwide pandemic. To contain the crisis, quarantine and inspection measures have been put in place, many of which will affect the flow of goods and people between China and the U.S. for some time. Second, there was the Phase One trade agreement signing in which both China and the U.S. claim an increase in trade between the two countries would be forthcoming. These two countervailing forces define the current state of U.S./China economic relations. At present, the negative effects of the pandemic and associated U.S. recession are far outweighing the positive impact of the Phase One agreement, and that is expected to be the case throughout 2020. [read more...]

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Cathay Bank | UCLA Anderson Forecast U.S.-China Economic Report

Cathay Bank has collaborated with UCLA Anderson Forecast to produce a U.S.-China Economic Report.  In this report, UCLA Anderson Forecast will talk about their 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 economic report and quarterly columns written by UCLA Anderson Forecast will focus on current topics affecting investment flows and associated economic events between China and the United States.

About The Report

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 in light of currently available information.  These forecasts are based on 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 in this report should not be considered as advice or a recommendation to you or your business in relation to taking a particular course of action and does not take into account your particular business objectives, financial situation or needs.

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

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