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China’s non-market practices, impact on the world, and what to do about it?

Testimony before the U.S.-China Economic and Security Review Commission.

Publishing date
27 June 2022
Authors
Alicia García-Herrero
Federal Trade Commission

On 14 April 2022, Alicia Garcia Herrero gave testimony before the before the U.S.-China Economic and Security Review Commission on China’s non-market practices. Below is an extract of this testimony.

I want to thank you for the opportunity to contribute to the deliberations of this Commission. Today, my remarks will focus on China’s non-market practices and their negative impact on the world, especially the US and the EU. Then, I will offer some potential actions to reduce such adverse impacts, starting with developing and applying the concept of competitive neutrality internationally and in China, followed by possible instruments based on the European experience. Finally, the usefulness of leveraging on like-minded partners to preserve international orders and the functioning of market economies in a global setting is also essential.

About the authors

  • Alicia García-Herrero

    Alicia García Herrero is a Senior Fellow at European think-tank BRUEGEL. She is also the Chief Economist for Asia Pacific at Natixis, and a non-resident Senior Follow at the East Asian Institute (EAI) of the National University Singapore (NUS). Alicia is also Adjunct Professor at the Hong Kong University of Science and Technology. Finally, she is a Member of the Council of Advisors on Economic Affairs to the Spanish Government and an advisor to the Hong Kong Monetary Authority’s research arm (HKIMR) among other advisory and academic positions.

    In previous years, Alicia held the following positions: Chief Economist for Emerging Markets at Banco Bilbao Vizcaya Argentaria (BBVA), Member of the Asian Research Program at the Bank of International Settlements (BIS), Head of the International Economy Division of the Bank of Spain, Member of the Counsel to the Executive Board of the European Central Bank, Head of Emerging Economies at the Research Department at Banco Santander, and Economist at the International Monetary Fund. Alicia has maintained a part-time academic life throughout her career as Visiting Professor at John Hopkins University (SAIS program), at the China Europe International Business School (CEIBS) in Shanghai, Carlos III University in Madrid among others.

    Alicia holds a PhD in Economics from George Washington University and has published extensively in refereed journals and books (her publications can be found in ResearchGate, Google Scholar, SSRN or REPEC).

    Alicia is also very active in international media (Bloomberg and CNBC among others) as well as social media (Twitter and LinkedIn). Alicia was included in the TOP Voices in Economy and Finance by LinkedIn in 2017 and #6 Top Social Media leader by Refinitiv in 2020.

Theme
Global economy and trade
Country
China
Language
English

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