Joint Economic Policy Reports

AI Overview

Joint Economic Policy Reports are not a single document, but rather a category of reports detailing bilateral economic discussions and analysis between countries, most often between the U.S. and China. Key examples include the U.S.-China Economic Working Group, whose meetings (such as the one in December 2024) allow the countries to discuss macroeconomic developments and address key issues like debt and market access. Additionally, the U.S. Congress's Joint Economic Committee periodically publishes studies, such as the 2025 "An Economic Profile of Mainland China," to provide factual and analytical information on China's economy.

Types of Joint Economic Policy Reports

Official U.S.-China Dialogues:

These are formal meetings between high-level officials from the U.S. and China to discuss a range of economic issues.

U.S.-China Economic Working Group (EWG): This mechanism allows for communication between the two largest economies to discuss economic developments and areas of cooperation, such as debt issues and support for low-income countries.

U.S. Strategic and Economic Dialogue: While not a recent report, this dialogue in 2016 focused on issues like energy subsidies, IMF governance, and the Renminbi's role.

U.S. Congressional Reports: The Joint Economic Committee (JEC) of the U.S. Congress produces reports analyzing the Chinese economy.

The JEC's 2025 "An Economic Profile of Mainland China" provides factual and analytical data on China's economy, including recent economic development and its international relations.

International Financial Institution Reports: The International Monetary Fund (IMF) produces country-specific reports, such as the "China Economic Update," which offer projections on GDP growth, inflation, and fiscal policy.

Key Themes in Recent Reports (e.g., 2024-2025)

Macroeconomic Developments:

Discussions often cover the state of China's economy, including its growth targets, infrastructure spending, and the impact of recent stimulus policies.

Trade and Market Access:

Reports address trade imbalances, market access issues for foreign firms, and China's non-market economic practices.

Structural Challenges:

Focus is placed on ongoing economic restructuring in China, such as state-owned enterprise reform, strengthening the social security system, and improving data dissemination.

Debt Issues:

Discussions often involve cooperation on debt issues and support for low-income countries facing liquidity challenges.

Industrial Overcapacity:

The U.S. has expressed concern over China's industrial overcapacity and its negative impact on American workers and firms.