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

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

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.

You have to be willing to totally immerse yourself in China in order to have in-depth exposure to China.

China cannot pull in the best and brightest from all over the world. It's an ethnically defined nation, the opposite of an immigrant nation. You don't see a lot of American engineers trying to be Chinese citizens.

Our experience is that it is not terribly difficult to do business in China. But the issue is, how much stability do you have in terms of what you negotiate up front and when you've got your feet and your investments on the ground.

Although I don't like the way the Chinese do business, I continue to do business in China. I have to. They're the next world power.

As President Obama clearly said just a few months ago, China must play by the international rules, the international trading system from which they've benefited so much.

In practice, I've had a presence in China since 1998 with my commercial spaces and shops.

Success in the United States is not an entitlement in China. You have to go there and earn it, and earn it the right way.