Jacob Lew on Trade War, China

The video discusses the economic relationship between China and the US, focusing on China's leverage through its holdings of US debt and the RMB currency. It highlights the progress made in allowing the RMB to reflect market forces and the importance of this for China's economy. The video also addresses the challenges in US-China relations, emphasizing the need for China to open its economy to market forces, reduce subsidies, and adhere to international norms, particularly in intellectual property. The speaker expresses concern over the US's role in international norms and the need for constructive engagement with China.

What challenges does the US face in engaging with China?

What changes are suggested for China's economy to be more open to market forces?