Schuman: Confucius Offers a Pretty Good Guide to Trade

The video discusses China's economic policies, highlighting the lack of reciprocity in trade openness compared to the West. It references Confucius to provide historical context and explores the impact of trade imbalances on global companies. The discussion also covers China's policy challenges, including the need for rule of law and the concentration of power under current leadership. The video emphasizes the importance of China adopting reliable policies for both its citizens and global partners.

What is the main issue highlighted in the economic relationship between China and Western countries?

• Western countries' trade barriers against China

• China's over-reliance on Western technology

• Western companies' reluctance to invest in China

• China's lack of reciprocation in economic openness

How have Western companies adapted to the Chinese system over the past decade?

• By fully understanding and playing by the Chinese system

• By reducing their investments in China

• By avoiding joint ventures

• By increasing their reliance on Chinese technology

What historical figure is referenced in relation to China's long-standing issues of openness?

• Confucius

• Laozi

• Sun Tzu

• Mencius

What is a significant challenge for foreign companies operating in China under the current leadership?

• Strict environmental regulations

• High taxation rates

• Lack of skilled labor

• Concentration of power and unclear rule of law

What trend is observed in China's governance that affects its reliability as a global partner?

• Adoption of Western legal systems

• Increased focus on environmental policies

• Concentration of power at the top

• Decentralization of power