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

When America stopped importing from China, China stopped importing from the rest of the world. This affects Asian countries as well as Australia, Brazil, and other suppliers of raw materials.

In the '80s and '90s, China went through a giant change. It needed all resources. At the time, I was in the recycled paper business, and I realized the China market was a blank slate.

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.

China itself is now in the process of sloughing off not only the communist system, but also those outdated parts of Confucianism that prevent the rapid acquisition of knowledge needed to adjust to new ways of life and work.

Globalised manufacturing and procurement mean that a lot of high-polluting, heavy duty jobs are transferred to China. We will ask major companies, such as Wal-Mart, Microsoft and IBM to put pressure on their Chinese suppliers.

China is still a developing country with a myriad of tasks and challenges.

The Chinese economy's still not that much of a consumer economy.

China is the big economic engine in Asia, so what happens is, as China growth expands, these countries in the periphery of China, whether it be Indonesia, Malaysia, Singapore, the Philippines, they end up growing with China because they become big exporters.

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