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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.

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 is investing in factories in Eastern Europe, not because their labor costs are lower, but because they want to be closer to their markets.

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.

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

I don't share the view that China and the U.S. need to reach some kind of strategic accommodation to carve up the Asia-Pacific region - that is an arrogant proposition and deeply insulting to other countries in the region, including Japan and potentially also India and Indonesia.

I am convinced that China needs to be a strong trading partner with the United States long term.

I'm concerned with China growing at double or triple the rate of the West, that there will be tensions. One needs to do something to start addressing misunderstandings and frustration.

China is, indeed, in so many ways, not like the West. It is not even primarily a nation state but a civilisation state. Whereas the West has primarily been shaped by its experience of nation, China has been moulded by its sense of civilisation.

But I believe in fair trade, and I will tell you, I have many, many friends heading up corporations, and people that do just business in China, they say it's virtually impossible. It's very, very hard to come into China. And yet, we welcome them with open arms.