Former China Vice Commerce Minister Wei on China-U.S. Trade Talks

The transcript discusses the US-China trade war, focusing on tariffs and the impact of Hong Kong protests on trade talks. It explores China's willingness to reform its industrial policy and reduce state subsidies. The need for WTO reforms and better IP protection is highlighted. Finally, it forecasts China's GDP growth for 2020, predicting a slow start but improvement in the latter half.

What is the main concern if President Trump signs the bill supporting Hong Kong's protesters?

• It will improve US-China relations.

• It could derail the US-China trade talks.

• It might lead to increased tariffs.

• It will have no impact on trade talks.

In the context of the trade negotiations, what is China expected to do in phases two and three?

• Reduce its industrial policy and state subsidies.

• Close its economy to foreign investments.

• Focus solely on domestic growth.

• Increase tariffs on US products.

What is one of the key issues highlighted by Charlene Barshefsky regarding China's economic system?

• Excessive state subsidies for Chinese companies.

• Lack of foreign investment.

• Over-reliance on foreign technology.

• High tariffs on imported goods.

What is the major problem with the WTO according to the transcript?

• It is too focused on developed countries.

• It cannot keep pace with the times.

• It imposes too many regulations on trade.

• It favors China over other countries.

How is China's GDP expected to perform in the coming year?

• It will start slow but grow steadily in the second half.

• It will decline throughout the year.

• It will experience rapid growth from the start.

• It will remain stagnant.