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China is an area where we need to be present. Lots of companies want to supply their products to China.

In a couple of years, the Chinese will be seen as regular participants in international industry. Their companies have to report to shareholders as well as to the Chinese authorities. They need to make money, they have to be efficient.

If you are only big in China, you are only a local Chinese company.

With its population making up one fifth of the world's total, China offers a market with enormous potential.

China is one of those vast, continental conglomerates that... I mean, if they were to start a tourist trade in China, they'd just bus people in from another province, you know what I mean? They're very self-contained.

China has all the advantages in the world. But it doesn't have a history of free thinking, risk-taking pioneers - the kind of people the U.S. is built upon.

China is not only formidable, it is also aggressively building its own economic infrastructure. Just a few years from now, China will rival the U.S. and the European Union in global market power. It already has surpassed us in population.

Globalised manufacturing and procurement mean that a lot of high-polluting, heavy duty jobs are transferred to China. We will ask major companies, such as Wal-Mart, Microsoft and IBM to put pressure on their Chinese suppliers.

I get the impression that most Chinese entrepreneurs are so focussed on doing what they need to do to succeed in the Chinese market - which is a big enough challenge even for the established players - that nobody is thinking much about the longer run or the bigger global picture.

No company fails in communist China, because they're all partly owned by the government.