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Today, being the biggest developing countries in the world, China and India are both committed to developing their economy and raising their people's living standards.

Chinese people today have strong demand for culture, but we need effective supply, and China needs innovative cultural products.

Clearly, the Chinese need the resources, but I don't think they want to clash with the industrial world which happens to be the market for their goods.

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

We need the Chinese to - you know, spend more, save less - consume more and not be so focused on exports. There are big changes we need in the world.

I have often said China is not lacking in material resources. The question is whether we can make full and good use of them.

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

We all know that China is industrializing at a growth rate of 8 to 10 percent per year. China is on track to pass the U.S. as the largest economy in the world in 20 to 25 years, and China is determined to give its people a chance at this high standard of living that we enjoy.

Well, as you've said, we cannot expect the people of China not to want to progress, so if you have an opportunity to progress, to develop your economy to a world class economy, it's an aspiration that is natural and that, I welcome.

Frankly, the only thing China has in easy abundance is people and dirty coal. Neither is the asset they're made out to be.