Schuman: Confucius Offers a Pretty Good Guide to Trade

The video discusses China's economic policies, highlighting the lack of reciprocity in trade openness compared to the West. It references Confucius to provide historical context and explores the impact of trade imbalances on global companies. The discussion also covers China's policy challenges, including the need for rule of law and the concentration of power under current leadership. The video emphasizes the importance of China adopting reliable policies for both its citizens and global partners.

In what ways is the concept of rule of law significant for foreign companies operating in China?

Discuss the balance between the concentration of power in China and the need for a rules-based system.