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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.

Chinese entrepreneurs have to implement their work under the leadership of the Party and the government - it is very clear.

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.

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.

Remember, China is the largest country in the world, so they have the confidence, the capital and resources to create large companies.

I think there's a tendency, and it's an understandable tendency, to imagine that China makes decisions out of a grand strategy. The reality is that I think China today is operating, most of all, based on its domestic needs.

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

Entrepreneurs are like visionaries. One of the ways they run forward is by viewing the thing they're doing as something that's going to be the whole world.

The most successful entrepreneurs in the world have a combination of the right type of personality and fortunate life circumstance. A lot of them have been doing it most of their life.

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.