Hearing: U.S. Debt to China: Implications and Repercussions

February 25, 2010

Hearing Co-Chairs: Commissioners Michael R. Wessel and Robin Cleveland

Commissioners’ Opening Statements

• Opening Statement of Commissioner Michael R. Wessel  (PDF)
• Opening Statement of Commissioner Robin Cleveland (PDF)

Panel I: China’s Lending Activities and U.S. Debt

• Mr. Clyde V. Prestowitz, President, Economic Strategy Institute, Washington, DC (PDF)
• Dr. Simon Johnson, Professor of Global Economics and Management, Massachusetts Institute of Technology, Cambridge, MA (PDF)

Congressional Perspectives 

• Congressman Frank R. Wolf (R-Virginia) [speaking at 10:30am] (PDF)

Panel II: China’s Current Holdings of U.S. Debt and Other Securities and the Implications for American Businesses and the Economy

• Dr. Derek Scissors, Research Fellow, The Heritage Foundation, Washington, DC (PDF)
• Mr. Leo Hindery, Jr., Managing Partner, InterMedia Partners VII LP, Washington, DC (PDF)

Panel III: Political, Diplomatic, and Security Implications of U.S. Debt to China

• Dr. Eswar Prasad, Nandlal P. Tolani Professor of Trade Policy, Cornell University, Ithaca, NY, and Senior Fellow, Brookings Institution, Washington, DC (PDF)
• Dr. Daniel W. Drezner, Professor of International Politics, The Fletcher School, Tufts University, Medford, MA (PDF)