LOS ANGELES, Oct. 8, 2020 /PRNewswire/ -- The UCLA
Anderson Forecast and Cathay Bank today released the September 2020 Cathay Bank | UCLA Anderson
Forecast U.S.-China Economic Report. This marks the third year of
the collaboration between the two institutions, offering insights
on the U.S. and Chinese economies.
The report, "Rising Tensions, a Pandemic and the
Chinese-Centric U.S. Real Estate and Tourism Markets," incorporates
the political and economic events of the past three months and
focuses on two industries in the U.S. with a heavy Chinese
presence: tourism and real estate. The update conveys that the
economic outlook remains positive amid various risk factors.
"The UCLA economists share their
evaluation and insight on a quarterly basis based on unfolding
situations and circumstances," said Chang
M. Liu, Cathay Bank president and CEO. "This information is
more helpful than ever in 2020, as our customers are looking for
thoughtful assessments of how the economy is performing, the impact
of COVID-19, and trends within industries and regions."
Cathay Bank hosted two virtual seminars for its customers
earlier this month with the UCLA Anderson Forecast The events
provide participants an opportunity to listen to expert analysis
and pose questions to the report's authors, UCLA Anderson Forecast
director and senior economist Jerry
Nickelsburg and Forecast economist William Yu.
"The Chinese-American economic experience has always been
closely associated with geopolitics," Nickelsburg said. "The unique
aspect of our analysis is that it focuses on the economic data and
the implications thereof, adding this analysis to the more general
discourse on the spectrum of connections between the two countries.
For example, much has been said about the unwinding of supply
chains. We find that trade patterns suggest little change has in
fact occurred."
The 2020 September update is available for download in English,
Traditional Chinese and Simplified Chinese on the Cathay Bank
website or on the UCLA Anderson Forecast website.
Register for upcoming 2020 Cathay Bank Economic Outlook Virtual
Seminars or access recordings of prior events on Cathay Bank's
website.
About UCLA Anderson Forecast
UCLA Anderson Forecast is one of the most widely watched and
often-cited economic outlooks for California and the nation and was unique in
predicting both the seriousness of the early-1990s downturn in
California and the strength of the
state's rebound since 1993. More recently, the Forecast was
credited as the first major U.S. economic forecasting group to
declare the recession of 2001. Visit UCLA Anderson Forecast at
uclaforecast.com.
Follow Us
@uclaanderson
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.
Media Contacts:
Rebecca Trounson – (310)
825-1348
rebecca.trounson@anderson.ucla.edu
UCLA Anderson School of Management
Paul Feinberg – (310)
794-1215
paul.feinberg@anderson.ucla.edu
UCLA Anderson School of Management
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SOURCE UCLA Anderson School of Management