A Quote by George Osborne
China is absolutely one of the biggest players in the world and if Britain wants to be connected to the world it has to be connected to China.
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It so happens that because all the economies are strongly inter-connected and aggregated, there is trade that is happening not just from China to the rest of the world, but from the rest of the world to China as well, and that is going to continue.
At the moment we are hard-wired into the European markets - 50% of our exports go to Europe - and that has not been good for the UK. So I'm not saying "make Britain entirely dependent on China". I'm saying "let's diversify a bit". When I became chancellor, China was our ninth largest trading partner. This is the world's second biggest economy. China was doing more business with Belgium than it was with Britain.
I think there's going to be a real push in the next two years in Asia - China and Korea specifically. And that's a huge undertaking. Ten years ago it was impossible to break into that part of the world. Some of the biggest companies in the world found it challenging. But I am Chinese-American and I think what we do will resonate in China. So that's where we see our biggest opportunities going forward. I do speak Mandarin and I also relate to the hunger that China has for culture and architecture and style.
China's own recent history proves that when it opens itself, there is nothing its people cannot accomplish. A more open China will lead to a more prosperous and stable China. That's good for China, the United States and, indeed, the entire world.
Well, I think we are seeing some shifts in manufacturing. China, when you go in and you talk to the big manufacturers there, the biggest problems in mainland China are recruiting and retention. There isn't an endless supply of cheap labor anymore in China. And it's now true that the labor rates in Mexico are lower than in China.
China are running trade deficits with the rest of the world. If you look at the U.S. trade deficit, it's close to $800 billion trade in goods. Half of that is with China, so it's a big part of the problem. And the problem with China, as opposed to, say, Canada, is that China cheats.
China had never had to deal in a world of countries of approximately equal strength, and so to adjust to such a world, is in itself a profound challenge to China, which now has fourteen countries on its borders, some of which are small, but can project their nationality into China, some of which are large, and historically significant, so that any attempt by Chinese to dominate the world, would involve in a disastrous for the peace of the world.
Friends from the press, China needs to learn more about the world, and the world also needs to learn more about China. I hope you will continue to make more efforts and contributions to deepening the mutual understanding between China and the countries of the world.
We must be sure that Canadians realize that our political differences with the Communist government in China has nothing to do with the country of China, or its people. The millions of Canadians with Chinese ancestry are not connected to our diplomatic differences with Beijing.
Today's China is not in the least shut out from the rest of the world. Trends come to us from all over the world. And the Internet is really developed in China. We get news from all over the world.
The world may view India more benignly, but it does more business with China. It courts China; it needs China. Look at the genuflecting Europeans and the fork-tongued Americans!
China is bearing the environmental cost for much of the world because China is the factory of the world.
China in particular is an absolutely fascinating place to be. Culturally and politically and economically it's becoming more and more relevant. If you look at how China is perceived in different parts of the world, you can recognize it's very dynamic. It's also challenging what it thinks of itself.
China, the world's most populous country, 1.3, 1.4 billion people, will in the next decade or so have to begin looking for people outside of China.What does this mean? China will have to become a much more welcoming society. It means that China will have to attract immigrants from other countries in order to slow the aging of the population.
One of the central planks of China's stated plan for world domination is their Belt and Road Initiative, which makes countries around the world dependent on China for vital infrastructure.
We are not very good at this. Our success rests on our international experience and on our ability to read the market. And I contest the notion that you can only succeed in China when you are well-connected. Neither my husband nor I are "princelings" - children of influential people, that is. And yet China has enabled us to succeed.
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