He explained that he tends to regard China’s rise as a great victory for the world. China has nearly 20% of the world’s population, exactly matching its weight in the global economy. The per capita GDP of countries such as Australia and the United States is five times that of the Chinese, and their share in the world economy is disproportionate.
When asked how optimistic he was about China, Gates responded that the current US way of thinking about China and its response is a lose-lose mentality. If you ask American politicians whether they want China’s economy to shrink by 20% or grow by 20%, I am afraid they will answer that they would rather China become poorer. They don’t understand that there is a global need for a global economy, for the discovery of cancer drugs, for the solution to climate change.
other reports
HIBOR generally fell for 5 consecutive days in the next month
China research institute restricts technology exports to protect solar dominance
Bank of America reportedly appoints 360 managing directors, more than half are women and minorities
