LOS ANGELES, Jan. 23, 2019 /PRNewswire/ -- Cathay
Bank today announced the release of the 2019 Cathay Bank | UCLA
Anderson Forecast U.S.-China Economic Report. This is the second
year of the collaboration, which provides insights on the U.S. and
China economies as well as
Forecast speakers headlining bank-presented economic outlook
events, to enhance its ability to provide useful economic
information to customers.
"Our first year of working with UCLA Anderson Forecast was
extremely successful. The topic remains incredibly relevant and
important," said Pin Tai, Cathay Bank CEO and President. "We're
delighted to provide our customers with access to such current and
future outlook on the two largest economies in the world."
The 2019 Annual Economic Report focuses on the complementary and
competitive trade approaches of the U.S. and China. This report, prepared by the UCLA
Anderson Forecast, includes economic facts relating to trade
tensions and imbalances, as well as thoughts on economic growth,
induced joint ventures, and technology transfers.
"This is an extremely interesting time to be using our expert
econometric modeling and analytic techniques to develop our
perspective on the U.S. and Chinese economies," said Jerry Nickelsburg, director, UCLA Anderson
Forecast. "We're excited to be continuing our collaboration with
Cathay Bank, sharing our unique expertise with its customers and
audiences across the country."
The 2019 Annual Economic Report is available for download in
English on the Cathay Bank website at
www.cathaybank.com/us-china-economic-report or on the UCLA Anderson
Forecast website at
http://www.anderson.ucla.edu/centers/ucla-anderson-forecast/projects-and-partnerships/cathay-bank/2019-annual-economic-report.
Column updates to this report are scheduled throughout the year, in
the last month of each quarter. A Chinese language version will be
forthcoming.
Along with the report's release, the first of eight Cathay Bank
Economic Outlook Luncheons is taking place today in the San Gabriel
Valley. Dr. William Yu,
Economist of the UCLA Anderson Forecast, will focus his remarks on
the U.S. and California economies,
the real estate market, new tariffs and their impact, and a
two-year forecast of the U.S.-China economies.
"The good news is that it is likely we will see a new trade deal
between the U.S. and China by
March to prevent 25% tariffs on $200
billion of Chinese goods." Yu said, "but we need to realize
that, whether we like it or not, the U.S.-China relationship is at a transition from
strategic engagement in the past to strategic competition in the
future. We forecast the U.S. and L.A. economies continue to grow in
2019 while risks in Chinese and global economies increase."
About Cathay Bank
Cathay Bank, a subsidiary of Cathay
General Bancorp (Nasdaq: CATY), offers a wide range of financial
services through nine states in the U.S. as well as a branch in
Hong Kong and representative
offices in Beijing, Shanghai, and Taipei. Founded in 1962 to support
Los Angeles' growing Chinese
American community, in the past half century the bank has expanded
and grown with its customers, providing them with the tools and
services they need to achieve their goals. Learn more
at cathaybank.com. FDIC insurance coverage is limited to
deposit accounts at Cathay Bank's U.S. domestic branch
locations.
Contact:
|
Chris
Lu
|
|
(626)
279-3837
|
View original content to download
multimedia:http://www.prnewswire.com/news-releases/cathay-bank--ucla-anderson-forecast-2019-us-china-economic-annual-report-out-today-300783410.html
SOURCE Cathay Bank