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The major economies are not American anymore. They are Asian and South American.

You know, I think of the global economy as an inverted triangle, resting on the shoulders of the American consumer. And if the American consumer cannot have enough disposable income in order to maintain a standard of living that creates more opportunities generation after generation, that's bad for everybody.

China saves too much, produces too much, sells too much to Americans and consumes too little.

The Chinese economy's still not that much of a consumer economy.

Over two billion people in China and India need commodities to grow their economies and improve their living standards.

The habits of the American consumer are changing; that's a reality.

The Chinese consumer is everybody. It's very simple.

The world has changed. It's not enough to simply buy American; we have to sell American, sell our products and goods and services throughout this world.

China is a country, still, of great contrast. While hundreds of millions of people are part of the middle class and yearn for things made in America - American brands, movies, music - there are other hundreds of millions of people throughout China who are living on the equivalent of one U.S. dollar a day.

India is still considered a preferred destination for many multinationals to manufacture cost-competitive high-technology products for domestic consumption as well as for global demand.