Goal of Phase-One Trade Deal Should Be Advancing Economic Reforms, Says Froman

The video discusses the benefits and challenges of trade with China, highlighting the importance of structural reforms and Phase Two of trade agreements. It addresses the stability in US-China relations and its impact on investment, while also exploring the execution challenges of trade agreements. The focus is on whether these agreements advance economic reforms in China, considering the need for convergence around common global economic rules.

What are some of the structural issues in China that affect the global economy?

• Over-reliance on technology

• High tariffs on imports

• State-owned enterprises and subsidies

• Lack of skilled labor

How did capital investment in the United States change from 2017 to 2019?

• It doubled

• It remained flat

• It increased by 70%

• It decreased significantly

What is a potential benefit of stability in the US-China relationship?

• Decreased exports

• Higher unemployment

• Increased tariffs

• More investment in the US

What is a challenge mentioned in implementing new trade agreements with China?

• Different economic rules

• Overproduction of goods

• Strict adherence to deadlines

• Lack of communication

What is a key factor in accommodating China's economy into the global economy?

• Developing new technologies

• Converging around common rules

• Reducing exports

• Increasing tariffs