CATHAY BANK | UCLA ANDERSON FORECAST U.S.-CHINA ECONOMIC REPORT 2022 FALL UPDATE RELEASED The Influence of Current Events on U.S./China Relations and Economies
Cathay Bank announced the release of the Cathay Bank | UCLA Anderson Forecast U.S.-China Economic Report 2022 Fall Update. The update reviews the changes and trends in international trade, global supply chains, U.S. economic outlook amid inflation and rising interest rates, regional economic performance in the U.S., and the outlook for a slowing China economy
LOS ANGELES, Oct. 20, 2022 /PRNewswire/ -- Cathay Bank announced the release of the Cathay Bank | UCLA Anderson Forecast U.S.-China Economic Report 2022 Fall Update. The update reviews the changes and trends in international trade, global supply chains, U.S. economic outlook amid inflation and rising interest rates, regional economic performance in the U.S., and the outlook for a slowing China economy.
Report authors UCLA Anderson Forecast director Jerry Nickelsburg and Forecast economist William Yu stated that the U.S. economy has been expanding, albeit more slowly, in the first half of 2022. In China, the real estate crisis and zero-COVID public health policy have become the heart of its current economic problems. Nevertheless, China remains the largest manufacturer and exporter in the world.
"Though decoupling between U.S. and China is happening with some speed in technology, it is happening possibly less rapidly in finance, and slowly in trade," said Nickelsburg. "But they remain large and important and, barring an unexpected geopolitical event, will continue to be so over the next few years."
"2022 marks our fifth year collaborating with UCLA Anderson Forecast. The data-driven forecasts provide insights to understand the economic development and trends," said Chang M. Liu, Cathay Bank's President and CEO.
