Mandelson Says China Poses 'Huge Challenge' to International Trade System

The video discusses the need for reform in the World Trade Organization (WTO) and highlights the critical role China plays in this process. It outlines the challenges posed by China's large economy, industrial policies, and issues related to intellectual property and subsidies. The video emphasizes that for the WTO to adapt to China's state-led economy, China must take more initiative and responsibility. Without China's commitment, there is a risk of increased protectionist rhetoric and potential trade conflicts.

What is necessary for the WTO overhaul to succeed?

• The support of the United States

• China's complete commitment

• The commitment of 13 reform-minded nations

• The commitment of the EU and Japan

Why does China's economy pose a challenge to the international trade system?

• Due to its small size

• Because it follows all WTO rules

• Due to its lack of subsidies

• Because of its industrial policies and intellectual property issues

What is one of the issues related to China's industrial policies?

• Excessive subsidies

• High tariffs

• Lack of innovation

• Limited market access

What must China do to help lead a reform process in the WTO?

• Reduce its economic size

• Increase its subsidies

• Take more initiative and responsibility

• Ignore international trade rules

What could happen if China does not step up in WTO reforms?

• A decrease in global trade

• Increased Trumpian rhetoric and disaster

• Stronger intellectual property protection

• More cooperation among nations