US Experts Group Meeting on Actions, Counter-actions and Reconciliation: Trends in US-China Economic Relations

The Vivekananda International Foundation (VIF) organised a discussion on “Actions, Counter-actions and Reconciliation: Trends in US-China Economic Relations” on July 19, 2023 (Wednesday). Dr. Arvind Gupta, Director, VIF, gave the opening remarks and Amb Arun Kumar Singh moderated the session. Mr. Sanjay Chadha, Former Additional Secretary, Ministry of Commerce and Dr. Suranjali Tandon, Associate Professor, National Institute of Public Finance and Policy (NIPFP) were the main speakers at the event. Amb. Ashok Kantha, Dr. Harinder Sekhon, Lt. Gen. R.K . Sawhney (Retd.), Gp. Cap. Naval Jagota (Retd.), Cmde. Gopal Suri, Dr. Saroj Bishoyi, Dr. Sweta Kumari and VIF interns also participated in the discussion.

The talk highlighted that the economic slowdown in China is structural and not temporary. The ongoing geopolitical tensions and technological competition between the United States and China are affecting economic relations. The discussion outlined the factors that are impacting economic relations between the two countries. These include sanctions, export controls, and supply chain adjustments. It was pointed out that both the countries are taking steps to reduce dependency on each other. Impact of US-China competition on India and the Indo-Pacific region was also deliberated. It was emphasised that India needs to focus on domestic capacities and it should have clarity in the implementation of its economic policy.