China Is Grim, Yet Determined on U.S. Trade, Nobel Laureate Romer Says

China Is Grim, Yet Determined on U.S. Trade, Nobel Laureate Romer Says

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The video discusses China's response to the trade war with the United States, highlighting a shift towards self-sufficiency in the tech industry. It explores the grim yet determined mood in China and the belief that the US is no longer a reliable trading partner. The discussion includes China's long-term strategy to become independent of US critical components, with an estimated timeline of around 10 years for this transition. The video concludes with the notion of a permanent change in US-China trade relations.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What timeframe do people in China estimate for becoming completely self-reliant?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the speaker suggest about the future relationship between China and the United States?

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