Royal DSM CEO Says China Benefitted From Globalization

The transcript discusses China's significant role in global trade and economic growth, highlighting its commitment to free trade and the challenges of globalization. It examines China's adherence to WTO rules and the need for inclusive growth in the West. The conversation also touches on China's climate change initiatives and the business opportunities it presents. Additionally, it analyzes China's domestic consumption and investment trends, and the impact of US protectionism on trade relations.

What percentage of the population in Western countries feels left behind by globalization?

• 40%

• 10%

• 30%

• 20%

What is China's stance on protectionism according to the transcript?

• China has no official stance on protectionism

• China is neutral on protectionism

• China opposes protectionism

• China supports protectionism

What significant step is China taking in 2017 to address climate change?

• Banning all carbon emissions

• Setting a price on carbon for companies

• Investing in renewable energy

• Reducing industrial output

How has urbanization in China impacted consumer behavior?

• Lower demand for cars

• Reduced interest in sustainable materials

• Decreased spending on electronics

• Increased spending on healthy food

What is a key driver of economic growth in China as mentioned in the transcript?

• Domestic consumption

• Foreign aid

• Tourism

• Agriculture

What challenge does China face with its investment-led growth model?

• Over-reliance on debt

• High inflation rates

• Lack of foreign investment

• Insufficient labor force

What is the impact of capital controls on companies operating in China?

• Reduced domestic sales

• Difficulty in repatriating profits

• Higher export tariffs

• Increased foreign investment