Phase 1 Trade Deal Pretty Much Dead: EU Chamber of Commerce in China

The video discusses the Phase One trade deal between the US and China, highlighting its challenges and the European business community's critical view. It explores the impact of US-China tensions on global business, compounded by the coronavirus pandemic. The discussion shifts to economic uncertainty and China's growth potential, emphasizing the need for multiple future scenarios. The potential revocation of Hong Kong's special trading status by the US is examined, with its limited impact on trade. Finally, the challenges faced by European airlines in China due to market distortions and airspace control are addressed.

What was the European business community's stance on the Phase One trade deal?

• They fully supported it.

• They were critical of it.

• They were indifferent.

• They had no opinion.

What are the two crises mentioned that are affecting global business?

• Political instability and inflation

• Financial crisis and tech war

• Coronavirus pandemic and trade war

• Trade war and climate change

Why is economic modeling becoming difficult according to economists?

• Because of unpredictable future scenarios

• Due to political stability

• Because of technological advancements

• Due to stable economic conditions

What is the potential impact of the US revoking Hong Kong's special trading status?

• It will lead to a trade surplus for the US.

• It will not affect any business models.

• It will have a minor impact on smaller banks.

• It will have a major impact on global trade.

What challenge do European airlines face in China?

• Competition from European airlines

• Lack of demand for flights

• High fuel prices

• Limited access to domestic routes

What percentage of airspace is controlled by the Chinese military?

• 30%

• 90%

• 70%

• 50%

What is the frequency of take-off slots in China compared to Frankfurt?

• Every 10 seconds in China

• Every 30 seconds in China

• Every 5 minutes in China

• Every 2 to 3 minutes in China