Mandelson Says China Poses 'Huge Challenge' to International Trade System

The video discusses the need for reform in the World Trade Organization (WTO) and highlights the critical role China plays in this process. It explains the challenges posed by China's large economy and its industrial policies, including issues related to intellectual property and subsidies. The video emphasizes that for the WTO to adapt to China's state-led economy, China must take more initiative and responsibility. Without China's commitment, there could be increased tensions and rhetoric similar to that seen during the Trump administration.

What is necessary for the WTO overhaul to succeed?

• The commitment of China

• The commitment of Japan

• The commitment of the EU

• The commitment of the USA

Why does China pose a challenge to the international trade system?

• Due to its small economy

• Because of its industrial policies and subsidies

• Because it follows all WTO rules

• Due to its lack of trade partners

What is one of the issues related to China's trade practices?

• Over-reliance on subsidies

• Issues with intellectual property protection

• Excessive intellectual property protection

• Lack of industrial policies

What must China do to help lead WTO reforms?

• Take more initiative and responsibility

• Increase subsidies

• Reduce its economy size

• Ignore international trade rules

What could happen if China does not step up in WTO reforms?

• Increased Trumpian rhetoric and disaster

• A stronger WTO

• Less focus on intellectual property

• More international cooperation