Trade Deal Is the Start of a Prolonged Process, Says The Conference Board’s Hoffman

The video discusses the complexities of US-China trade negotiations, focusing on the need for reforms that ensure a level playing field for foreign companies in China. It highlights the challenges posed by China's regulatory environment, including the negative list system, and the importance of enforcement mechanisms. The discussion also touches on the new foreign investment law and its implications for foreign businesses.

What is the main concern regarding the US's approach to trade negotiations with China?

• The US is not interested in a deal.

• The US wants to increase the trade deficit.

• The US is asking for the wrong reforms.

• The US is focusing too much on technology.

What is a 'negative list' in the context of China's foreign investment law?

• A list of permissible activities for foreign companies.

• A list of Chinese competitors.

• A list of prohibited activities for foreign companies.

• A list of outdated technologies.

Why is the concept of a 'negative list' challenging for foreign companies?

• It limits their ability to innovate.

• It simplifies the business license process.

• It requires constant renegotiation with regulators.

• It allows for 100% control of businesses.

What is suggested as a mechanism for addressing grievances in trade negotiations?

• Publicly disclosing all business issues.

• Meeting confidentially with trade representatives.

• Ignoring IP vulnerabilities.

• Increasing royalty payments.

What revelation about business practices in China emerged around 2014?

• China's economy was declining.

• Foreign companies had no grievances.

• Collective bargaining was used to lower royalty payments.

• US companies were thriving without issues.