Illustration: Craig Stephens Illustration: Craig Stephens
Illustration: Craig Stephens
Lawrence J. Lau
Opinion

Opinion

Lawrence J. Lau

How China can shrug off the impact of the US trade war on its economy and improve the lives of its citizens

  • China can stomach the cost to its GDP of even all its exports to the US being halted if it takes steps to boost domestic demand
  • Investment in public goods such as environmental protection, education and health care could serve this purpose

Illustration: Craig Stephens Illustration: Craig Stephens
Illustration: Craig Stephens
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Lawrence J. Lau

Lawrence J. Lau

Lawrence J. Lau is the Ralph and Claire Landau Professor of Economics at the Chinese University of Hong Kong, and the Kwoh-Ting Li Professor in Economic Development, emeritus, at Stanford University. He served as vice-chancellor and president of the Chinese University from 2004 to 2010, and chairman of CIC International (Hong Kong) from 2010 to 2014.