Milken Institute's Lee on China's Economy and Global Trade

The transcript discusses the economic recovery in the US and China, highlighting the risks of monetary policy and the impact of regulatory scrutiny on tech companies. It explores deflationary forces, productivity gains, and the role of innovation in both countries. The discussion also covers fiscal policy, global trade dynamics, and the potential of digital currency to enhance financial efficiency. The challenges of balancing regulation and privacy in digital transactions are also addressed.

What is a major factor driving Chinese investors to seek profits in the United States?

• Increased government spending in China

• High demand for Chinese exports

• The US economy coming back online

• Regulatory freedom in China

How does regulatory scrutiny affect Chinese fintech and internet companies?

• It boosts their innovation

• It limits their potential as profit centers

• It increases their market share

• It reduces their competition

What is a potential consequence of restricting innovation in China?

• Stifling of economic progress

• Increased economic growth

• Boost in technological advancements

• Enhanced global competitiveness

What is a concern regarding the US's long-term infrastructure spending plans?

• Over-reliance on foreign investments

• Insufficient government debt

• Sustainability of deficits and debt

• Lack of public-private partnerships

How might global trade change post-COVID according to the transcript?

• It will rely on digital currencies

• It will become more regionalized

• It will decrease significantly

• It will focus solely on Asia

What is a challenge in developing a digital currency?

• Ensuring complete anonymity

• Maintaining transparency and accountability

• Eliminating all transaction fees

• Preventing all forms of taxation

What is a key factor in the US's approach to regional trade agreements?

• Eliminating all trade barriers

• Focusing on domestic markets

• Strengthening alliances in Asia Pacific

• Reducing national security concerns