Treasury Secretary Jacob J. Lew on the US-China economic relationship
Thursday, June 16, 2016 | 8:30 am to 9:25 am EDT
AEI, Twelfth Floor
1150 Seventeenth Street, NW
Washington, DC 20036
AEI, Twelfth Floor
1150 Seventeenth Street, NW
Washington, DC 20036
AEI welcomed US Secretary of the Treasury Jacob J. Lew on Thursday to deliver remarks on the US-China economic relationship. After an introduction by AEI President Arthur C. Brooks, Secretary Lew described the Obama administration’s approach to the relationship and the progress it has made. He noted the importance of the relationship and argued that emerging markets are becoming increasingly significant.
Secretary Lew discussed the issues addressed at the US-China Strategic and Economic Dialogue (S&ED) on June 6–7: climate change, national security review, regulatory transparency, intellectual property, a potential bilateral investment treaty, and exchange rate issues. He noted that, while progress has been made on all of these fronts, there is still more work to do. He suggested that three questions would drive the future of the US-China relationship: Will China fully implement the economic reforms it has announced? Will China view foreign business as a partner in its development? Can the US and China cooperate on global governance?
Following his remarks, Secretary Lew joined The Wall Street Journal’s Greg Ip for a conversation about the SE&D. Mr. Ip also asked about Puerto Rico’s debt crisis and the United Kingdom’s upcoming referendum to exit the European Union.
–Kaavya Ramesh
The United States and China face key issues concerning bilateral trade and investment, including a difficult business climate for US firms and China’s uneven financial sector reforms. The annual US-China Strategic and Economic Dialogue (S&ED), held this year on June 6–7 in Beijing, constitutes the highest-level bilateral forum for the two countries to discuss economic and security issues.
Please join AEI’s Arthur C. Brooks for remarks from US Treasury Secretary Jacob J. Lew following this year’s S&ED. Secretary Lew and The Wall Street Journal’s Greg Ip will then discuss the forum’s economic track, specifically China’s reforms, US market access, and a possible bilateral investment treaty, as well as the sharpest challenges ahead for the US-China economic relationship.
Join the conversation on social media with @AEI on Twitter and Facebook.
If you are unable to attend, we welcome you to watch the event live on this page. Full video will be posted within 24 hours.
Government Issued Photo IDs are required.
8:15 AM
Registration
8:30 AM
Introduction:
Arthur C. Brooks, AEI
8:35 AM
Remarks:
Jacob J. Lew, Secretary of the Treasury
8:55 AM
Conversation:
Greg Ip, The Wall Street Journal
Jacob J. Lew, Secretary of the Treasury
9:15 AM
Q&A
9:25 AM
Adjournment
For more information, please contact Bailey Longhofer at [email protected], 202.862.5813.
Arthur C. Brooks is the president of AEI and the Beth and Ravenel Curry Scholar in Free Enterprise. Until January 1, 2009, he was the Louis A. Bantle Professor of Business and Government Policy at Syracuse University. He is the author of 11 books and many articles on topics ranging from the economics of the arts to applied mathematics. His books include “The Conservative Heart: How to Build a Fairer, Happier, and More Prosperous America” (Broadside Books, 2015), “The Road to Freedom: How to Win the Fight for Free Enterprise” (Basic Books, 2012), “Social Entrepreneurship” (Prentice Hall, 2008), and “Who Really Cares” (Basic Books, 2006). Before pursuing his work in public policy, Dr. Brooks spent 12 years as a professional French hornist with the City Orchestra of Barcelona and other ensembles.
Greg Ip is chief economics commentator for The Wall Street Journal. He writes about US and global economic developments and policy in his weekly Capital Account column and on Real Time Economics, The Wall Street Journal’s economics blog. From 2008 to January 2015, he was US economics editor for The Economist. From 1996 to 2008, he was a reporter for The Wall Street Journal in New York and Washington, DC. He comments regularly on television and radio, including CNBC, National Public Radio, and “PBS NewsHour.” Mr. Ip has won or shared in several prizes for journalism. He was on a team that was awarded a Pulitzer Prize for coverage of the 9/11 terrorist attacks. His work has been recognized by the World Leadership Forum, the Scripps Howard Foundation, and the National Press Club. He is the author of “Foolproof: Why Safety Can Be Dangerous and How Danger Makes Us Safe” (Little, Brown, 2015) and “The Little Book of Economics: How the Economy Works in the Real World” (Wiley, 2010). Mr. Ip received a bachelor’s degree in economics and journalism from Carleton University in Ottawa, Ontario.
Jacob J. Lew was confirmed as the 76th secretary of the treasury after serving as the White House chief of staff for the Obama administration. Before that role, he was the director of the Office of Management and Budget, a position he also held in President Clinton’s cabinet from 1998 to 2001. Secretary Lew began his career in Washington in 1973 as a legislative aide. From 1979 to 1987, he was the assistant director and then executive director of the House Democratic Steering and Policy Committee, serving as an adviser to House Speaker Thomas P. O’Neill Jr. From 2001 to 2006, he was executive vice president and chief operating officer of New York University. He went on to serve as managing director and chief operating officer for two different Citigroup business units until 2008. Secretary Lew is a member of the Council on Foreign Relations and the National Academy of Social Insurance.