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Increasingly, the Chinese will own a lot more of the world because they will be converting their dollar reserves and U.S. government bonds into real assets.

The China Rich seem to be spending on a scale that's just beyond anything we've ever seen before. They are building and buying an insane amount of luxury residences around the world, commissioning huge flying palaces from Boeing, and paying ridiculous amounts for art.

Increasingly, the real estate developers can't get bank loans for their project financing in China. They're now going into the Hong Kong market to raise money in the bond market at very, very high rates, as high as 15, 20 percent.

China has always been very hospitable, but we can choose who enters our house. We could not allow any companies to enter China and make money while hurting the country.

I wanted to explore what all this new-found wealth means for the different generations of Chinese who have to live together in this place that is transforming at warp speed into the richest country on the planet.

There's a huge interest in the Chinese market, and Hollywood has a huge interest in the Chinese market with films like 'Transformers' making more money over there than here.

The Chinese are saving like mad, but they are not getting a very good return on their savings.

China has many successful entrepreneurs and business people. I hope that more people of insight will put their talents to work to improve the lives of poor people in China and around the world, and seek solutions for them.

As I talk with the Chinese on currency, I encourage them to move much more quickly with opening up their capital markets to competition, because I don't believe the world is going to give them as much time as they would like.