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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.

China is more prosperous than before. The people have better lives but they are not happy and confident because the scars are still there.

Well, as you've said, we cannot expect the people of China not to want to progress, so if you have an opportunity to progress, to develop your economy to a world class economy, it's an aspiration that is natural and that, I welcome.

China has all the advantages in the world. But it doesn't have a history of free thinking, risk-taking pioneers - the kind of people the U.S. is built upon.

There will, in my view, come a time when there has to be some kind of political denouement inside China, because the newly enriched generation might put up with being told what to do by their rulers - but their children, who will take prosperity for granted, will not.

At the same time, we are keenly aware that China is still the largest developing country in the world and we need to make long and hard efforts if we are to build a moderately prosperous society in all respects and basically achieve modernization.

China should be developing through the various foreign investments it receives. I hope for its level-headed and rational understanding that anything to discourage that is a disservice to itself.

China is a developing country with a huge population, and also a developing country in a crucial stage of reform. In this context, China still faces many challenges in economic and social development. And a lot still needs to be done in China, in terms of human rights.

One lesson that every nation can learn from China is to focus more on creating village-level enterprises, quality health services and educational facilities.