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China is doing lots of things right. It's investing in education and R&D, it's opening up, it's more cosmopolitan than it's ever been. I think it's very likely that China will continue to explode economically and certainly become a superpower.

In the '80s and '90s, China went through a giant change. It needed all resources. At the time, I was in the recycled paper business, and I realized the China market was a blank slate.

I think the rise of China is inevitable, because China has moved from a low-cost producer, at low levels of technology, to higher levels of technology, and because it's very competitive, even in some high-tech products they offer at very competitive rates - much lower than their competitors.

America's greatest long-term influence on China comes from playing host to the thousands of students who come from China each year, some of the ablest Chinese scholars and scientists. They will be the most powerful agents for change in China.

There is a growing recognition about China as a power in the ascent, and there is a question out there about what China will do with their new ascension.

China itself is now in the process of sloughing off not only the communist system, but also those outdated parts of Confucianism that prevent the rapid acquisition of knowledge needed to adjust to new ways of life and work.

China has to go along with world trends. That's democracy, liberty, individual freedom. China sooner or later has to go that way. It cannot go backward.

It used to be that almost all innovation came from the U.S. and a small number of other developed countries. That's no longer the case, and as China and India grow, it's changing even more. Expect a lot more Chinese and Indian Nobel prizes in the future.

China is still a developing country with a myriad of tasks and challenges.

One of the major problems with China is that its innovation is largely borrowed technology.