The West Failing to Meet China Threat: Ex-U.S. Trade Chief Barshefsky

The video discusses China's shift from market reforms to mercantilism, starting in 2006, and its current economic model, which includes state planning, subsidies, and IP theft. China's global ambitions are highlighted through initiatives like the Belton Road. The West's response is seen as weak, with the US retreating from global leadership and Europe lacking a unified approach. The video concludes that a new framework for East-West relations is needed to address these challenges.

What significant change in China's economic policy began in 2006?

• An increase in foreign investment

• A shift to a more open market economy

• A focus on indigenous innovation

• A reduction in state planning

What is a key element of China's economic model as discussed in the first section?

• Elimination of state planning

• Reduction of subsidies

• Focus on small-scale industries

• Massive subsidies and protectionism

What is China's justification for its economic model?

• To eliminate competition

• To reduce global influence

• To advance national security and development

• To increase foreign dependency

How does the West perceive China's economic model?

• As a model of free trade

• As a reciprocal trade partner

• As fundamentally different from Western models

• As a minor competitor

What is a major initiative that amplifies China's global influence?

• The Trans-Pacific Partnership

• The European Union

• The North American Free Trade Agreement

• The Belt and Road Initiative