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 outlines the challenges posed by China's large economy, industrial policies, and 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 is a risk of increased protectionist rhetoric and potential trade conflicts.

How does the scale of China's industrial policies affect international trade?

What might happen if China does not take the initiative in WTO reforms?