Lagarde on China's Slowing Growth and What Trump Got Right on Trade

The video discusses China's economic growth, highlighting its gradual decline over the past decade and its role in the global economy during the financial crisis. Despite concerns about debt, China's large population and economic size necessitate controlled growth. The video also examines the impact of tariffs, particularly those imposed by President Trump, on global trade. It argues that while trade needs fixing, tariffs can hinder trade's role as a growth engine. The benefits of trade, such as reduced poverty and lower costs in advanced economies, are emphasized, suggesting that trade issues should be addressed without disrupting these advantages.

What has been the trend in Chinese economic growth over the last decade?

• It has been gradually declining.

• It has been fluctuating wildly.

• It has remained stable.

• It has been consistently increasing.

What role did China play during the global financial crisis?

• It was the last country to recover.

• It provided a significant stimulus package.

• It collapsed economically.

• It imposed tariffs on other countries.

What is the general opinion on tariffs according to the transcript?

• They are not a good idea as they can hinder trade.

• They are necessary for economic growth.

• They have no impact on the economy.

• They are beneficial for global trade.

How has global trade impacted poverty levels?

• It has only benefited wealthy countries.

• It has had no effect on poverty.

• It has increased poverty levels.

• It has helped reduce poverty.

What is the suggested approach towards global trade issues?

• Completely overhaul the system.

• Ignore the issues.

• Fix the existing problems without breaking the system.

• Increase tariffs to protect local industries.