LOS ANGELES, March 17, 2021 /PRNewswire/ -- The 2021 Cathay
Bank/UCLA Anderson Forecast U.S.-China Annual Economic Report
focuses on the U.S. economy under the Biden administration, which
may continue some, if not all, of the Trump administration's
hardline economic policies toward China, though in a more nuanced and diplomatic
style and tone. The report also discusses U.S. goods imports and
exports with China, asset prices,
U.S. real estate markets and whether superstar cities will be super
again. It also predicts that the U.S. and Chinese economies will be
among the most rapidly growing once the COVID-19 pandemic
abates.
Will the Biden administration continue his predecessor's policies
toward China, but with a different
style and tone?
The report results from a sponsorship between Cathay Bank and
UCLA Anderson Forecast. In addition to the annual report, periodic
updates are published. This is the fourth year of the
collaboration, which offers insights into the U.S. and Chinese
economies.
"This report is prepared by UCLA Anderson Forecast for Cathay
Bank, and provides timely data-driven insights from an informed
perspective," said Chang M. Liu,
Cathay Bank's president and CEO. "We are pleased to bring forth
this quality resource to our customers and those who are interested
to learn what the future holds for U.S.-China economic relations."
"Our econometric modeling and analytic techniques provide
important data about the economies of the U.S. and China, and the relationship between the two
superpowers," said Jerry
Nickelsburg, faculty director of UCLA Anderson Forecast, who
co-authored the report along with his colleague, economist
William Yu. "We continue to be
pleased to share our unique expertise with Cathay Bank and its
customers."
The 2021 Annual Economic Report is available for download in
English, Traditional Chinese and Simplified Chinese on the Cathay
Bank website at:
cathaybank.com/about-us/insights-by-cathay/us-china-2021-annual-economic-report
or on the UCLA Anderson Forecast website at:
anderson.ucla.edu/centers/ucla-anderson-forecast/projects-and-partnerships/cathay-bank/2021-annual-us-china-economic-report.
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, the bank has expanded in the past half century
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.
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. The Forecast was
credited as the first major U.S. economic forecasting group to call
the recession of 2001 and, in March
2020, it was the first to declare that the recession caused
by the COVID-19 pandemic had already begun. Visit UCLA
Anderson Forecast at uclaforecast.com.
About UCLA Anderson School of Management
UCLA Anderson
School of Management is among the leading business schools in the
world, with faculty members globally renowned for their teaching
excellence and research in advancing management thinking. Located
in Los Angeles, gateway to the
growing economies of Latin America
and Asia and a city that
personifies innovation in a diverse range of endeavors, UCLA
Anderson's MBA, Fully Employed MBA, Executive MBA, UCLA-NUS
Executive MBA, Master of Financial Engineering, Master of Science
in Business Analytics, doctoral and executive education programs
embody the school's Think in the Next ethos. Annually, some 1,800
students are trained to be global leaders seeking the business
models and community solutions of tomorrow.
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@UCLAAnderson
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
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