Abstract

This Book is a collective research of the Institute of American Studies of Jilin University. We have made a detailed review and study on hot issues of the U. S. economy since the Global Financial Crisis of 2008, with the logic from real economy to monetary and financial sector and from the U. S. economy to global economic patterns especially the Sino-U. S. economic relations.

There are eight chapters altogether. In the first chapter, we analyzed the background, content, path, and essence of the U. S. Reindustrialization Strategy and its influence on China. In chapter 2, we made a deep study on the issue of U. S. sovereign debt based on review of the U. S. fiscal situations and the feature of U. S. debt expansion. In chapter 3 and chapter 4, the Quantitative Monetary Easing policy and financial regulation reform of the U. S. had been researched, with the priority of the spill-over impact of the U. S. policy on global economy. In chapter 5, the U. S. National Export Initiative had been discussed. In chapter 6, we studied the U. S. exchange rate politics and the Sino-U. S. exchange rate diplomacy. In chapter 7, we analyzed the U. S. dollar hegemony, global economic imbalance, and reform of international monetary system with a broad view. In chapter 8 which is the last chapter, we studied the trend of Sino-U. S. economic relations in the perspective of the changing global economic pattern. The asymmetry Sino-U. S. economic inter-dependence had also been analyzed. Challenges to China and the corresponding counter-measures were also been discussed. What we hope is to present deep and precise researches with sharp vision instead of providing an all-cover descriptive report. Comments and valuable criticism from academia are welcomed.