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Unless we rise to the challenge, instead of American youth being able to live the American dream, the Chinese will fulfill their dream of overtaking America.

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.

America's greatest long-term influence on China comes from playing host to the thousands of students who come from China each year, some of the ablest Chinese scholars and scientists. They will be the most powerful agents for change in China.

China is doing lots of things right. It's investing in education and R&D, it's opening up, it's more cosmopolitan than it's ever been. I think it's very likely that China will continue to explode economically and certainly become a superpower.

If the Chinese economy can be opened so that currencies are convertible, Chinese tourists can take money and go see the world. Chinese businessmen can go and buy property in the U.S. and France and every place. All of a sudden, it's just going to be a blossoming global economy. I think it's going to be good for everybody.

Our goal is to upgrade the life of China's middle class. We all want to live better.

China's many nationalities need only to be transformed into the Chinese nation and to make it a highly civilized nation; then the nationalization process will be completed.

There is a growing recognition about China as a power in the ascent, and there is a question out there about what China will do with their new ascension.

No matter how hard we might wish, we will not be able to transform China's behavior overnight.

Some people think that as the Chinese economy becomes more and more capitalistic it will inevitably become more democratic.