Lardy Says Xi 'Doesn't Want to Pay Too High a Price' for an Agreement

The transcript discusses the complexities of US-China relations, focusing on President Xi's stance against US demands and the challenges in reaching a trade agreement. It highlights the negotiation progress, potential outcomes, and rhetoric from both sides. The discussion also covers Chinese economic reforms, the role of state-owned enterprises, and the strategic considerations of both countries in the context of economic growth and tariffs.

What is one of the main reasons President Xi is hesitant to meet US demands?

• He is focused on technological advancements.

• He is concerned about environmental issues.

• He is prioritizing military expansion.

• He wants to maintain political control.

What is the best possible outcome expected from the US-China meeting according to the discussion?

• An increase in tariffs.

• A standstill on tariffs and resumption of negotiations.

• A public apology from both sides.

• A complete trade agreement.

How has the growth rate of state-owned enterprises compared to private companies changed recently?

• State-owned enterprises have slightly pulled ahead.

• Private companies are growing faster.

• State-owned enterprises are declining.

• Both are growing at the same rate.

What is one of the trade-offs President Xi faces in reforming the Chinese economy?

• Balancing political control and economic growth.

• Balancing environmental sustainability and industrial growth.

• Balancing military spending and social welfare.

• Balancing technological innovation and traditional industries.

Why might President Xi feel he has more time than President Trump in trade negotiations?

• He has fewer domestic issues.

• He has a stronger economy.

• He has more international support.

• He is not facing an upcoming election.