Jan Dehn: China's Decided to Open Its Economy

The video discusses China's growing role in global economics, particularly in the context of the Davos forum. It highlights China's economic transition, challenges in opening its economy, and the risks associated with its credit and banking systems. The discussion also covers the potential global implications of China's growth and the dynamics of US-China relations, including the risks of trade policies and economic experiments.

What significant event is the Chinese president attending, marking a first for China?

• G20 Summit

• WEFA Davos

• UN General Assembly

• ASEAN Summit

What is a major challenge China faces in opening its economy?

• High unemployment rate

• Lack of natural resources

• Political instability

• Volatility in Asian stocks

What is driving the impressive consumer boom in China?

• Government subsidies

• Foreign investments

• Credit

• Export growth

What is the savings rate in China that contributes to its banking system?

• 75%

• 60%

• 49%

• 30%

How does China's banking system compare to other emerging markets?

• It is not highly leveraged

• It is highly leveraged

• It relies heavily on international capital

• It has a low savings rate

What could be a consequence of the US engaging in economic experiments with China?

• Increased US exports

• Improved trade relations

• Strengthened US economy

• Backfiring on the US

By 2050, how much larger could China's economy be compared to the US if current growth rates continue?

• Three times as large

• Twice as large

• Five times as large

• Four times as large