Former PBOC Governor Optimistic on U.S.-China Trade Truce

The video discusses the mutual desire to deescalate trade frictions between China and the USA, highlighting the importance of treaty balance and structured issues like intellectual property rights. It emphasizes the need for domestic reforms in China and explores the risks of relying too much on bilateral negotiations, advocating for multilateral solutions through WTO reforms. The video also addresses the shift in the Chinese economy from export-oriented strategies to new growth drivers, focusing on the transition from manufacturing to service sectors.

What are the key elements that both sides are trying to deescalate in trade relations?

How does the speaker perceive the future of Chinese society in relation to trade agreements?

What multilateral mechanisms does the speaker suggest for solving trade issues?

What are the risks associated with relying too much on bilateral negotiations according to the text?

What changes does the Chinese economy need to make according to the speaker?