Bai Chuan Forum 2024. Zheng Yongnian stated in his speech that during Trump's second presidential term, the U.S. government reforms driven by tech billionaire Elon Musk will become the biggest challenge facing China. He pointed out that as a response measure, China should expand its 'unilateral openness' measures to include countries like the United States, with 'who is more open' being the core of competition between China and the U.S. Zheng Yongnian indicated that after Trump returns to the White House, China's economy and trade may face 'significant shocks' in the short term, but geopolitical pressures may ease.