As part of President Xi Jinping's state visit to the U.S., the Paulson Institute co-hosted a roundtable with 15 U.S. CEOs and 15 Chinese CEOs in Seattle. In remarks to the CEOs, President Xi highlighted the ways in which China is working to bolster its economy, further open its markets and strengthen business ties with the United States.
In support of the Chinese government’s efforts to address air quality and economic growth together, four new Paulson Institute papers explore how market forces within China can efficiently allocate energy resources to reduce carbon emissions. The papers, which include policy recommendations, look at power-sector reform, demand response for electric power, building-energy efficiency, and carbon-emissions trading.
A new Paulson Institute green finance initiative, announced in partnership with the Chinese government, seeks to accelerate the deployment of U.S. technology and expertise in the Chinese market to reduce CO2 and other climate-related emissions, while improving energy efficiency, promoting industrial productivity, encouraging cross-border innovation, and creating green jobs.
China is experiencing significant disparities between urban and rural areas and between cities located in different regions of China, writes Lu Ming of Shanghai Jiao Tong University in a new Paulson Policy Memorandum. These disparities, he argues, have been mistakenly attributed to urbanization and economic agglomeration, leading to big problems that are driving a misplaced urbanization strategy.
In a statement following the announcement of China’s climate-related commitments during President Xi Jinping's state visit to the U.S., Institute Chairman Henry M. Paulson, Jr., applauded the Chinese and U.S. governments for their significant steps to fashion a sustainable economic model for future growth. "As the two largest carbon emitters—and the two largest economies—in the world, China and the U.S. have a responsibility to work together to address the economic risks posed by climate change," Paulson said.
In a letter sent to President Obama and Chinese President Xi Jinping and signed by 94 American CEOs, the Paulson Institute and the U.S.-China Business Council advocated for progress on a high-standard U.S.-China bilateral investment treaty (BIT). The letter called on the two presidents to underscore the importance of the BIT during President Xi’s state visit to the United States as a way to spur the negotiations between the two countries.
Over the past 30 years, China has transitioned from an egalitarian society into a highly unequal one, writes Li Shi of Beijing Normal University. In his Paulson Policy Memorandum, Li surveys the central features of income distribution in China today, identifying structural and policy drivers that have exacerbated the problem and recommending changes, especially to China’s labor market, aimed at helping the country navigate the economics of rising inequality.
China appears to be embarking on a pathway to a new, more sustainable economic development model—and pushing the United States a little outside our own comfort zone on climate action in the process. President Xi’s UN speech was the capstone of a week of announcements that brought economic priorities squarely in line with climate priorities in a way seldom seen in the U.S., writes Vice Chair Kate Gordon.
在习近平主席对美国进行国事访问期间，中国宣布了应对气候变化的有关承诺。 保尔森基金会主席亨利·保尔森在随后发表的声明中表示，他对中美两国政府采取的这些重要措施表示赞赏，这些措施可以塑造一个可持续的经济模式，以实现未来增长。保尔森说，“作为世界上两个最大的碳排放国，同时也是两个最大的经济体，中美两国有责任共同努力，应对气候变化带来的经济风险” 。