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China is beginning to act more like a world citizen. We need China to be more active on the world stage. For example, we should want China to be a bigger participant and a bigger shareholder in the IMF. We should want it to be an even more active participant in the G8 and G20.

We should be doing more business with China. We should be better connected to the Chinese economy.

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.

Until the Chinese decide to compete fairly it will be up to us to do what we can to further protect our manufacturing base, and ensure we keep the good paying jobs we already have.

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.

I think it's unfair to say that Chinese companies are squeezing out American companies. China has so many solar companies that are failing, too.

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.

We can pretend that China is not there. But China is there, and unless we put our economy on the right track, it is going to overwhelm us completely.

Chinese... companies do not have to think about whether they do something to enhance their competitive edge in international markets.

I am convinced that China needs to be a strong trading partner with the United States long term.