I think China thinks information technology is less important than we think it is in the US, economically, and more important politically. And so Chinese internet companies are extremely political, they're protected behind the great firewall of China, and investment in Alibaba is good as long as Jack Ma stays in the good graces of the Chinese communist party. Alibaba is largely copying various business models from the US; they have combined some things in interesting new ways, but I think it's fundamentally a business that works because of the political protection you get in China.
As important as politics are to me, the life and the spirit of people's emotions are much more important. People live real lives where they love and grieve and feel pain and joy and that is a whole separate sphere. All that political stuff, I believe in it strongly, but not as strongly as I believe that at some point you or someone is going to need a song to sit with and comfort them in a hard time.
Politically, of course, the U.S., despite the flaws in its systems, is still a democracy - we like to associate with democracies. And strategically, the U.S. is a counter-balance to China, a rising China that is not yet a democracy.
The Philippines are a very important - I have many, many friends from the Philippines. They're great people. The Philippines strategically is very important to us. I think we'll have a great relationship with the Philippines. I think it's strategically very important to do so.
I strongly believe the business of a business is to improve the world.
I strongly believe that missionaries make better products. They care more. For a missionary, it's not just about the business. There has to be a business, and the business has to make sense, but that's not why you do it. You do it because you have something meaningful that motivates you.
If you're going to invest in something over a long period of time, that you believe is important and can change the company, you have to be strategically patient and tactically impatient.
There is not a single country in the world that is not interested in doing business with China. And no one is seriously concerned about human rights. But Africans are criticized for wanting to do business with China.
You are slowly developing some multinationals of your own. We certainly hope that some of them will look in this direction when they look for opportunities because the progress of Southeast Asia is important to China, just as China's progress is important to us.
I have this saying. Quality is the best business plan. I believe so strongly in that.
The situation with Tibet has to change. China is one of the last huge dictatorships, holding on to these colonies, provinces. That has to collapse. It's the responsibility of heads of business who are going to do business in China to lay down the law.
The whole business of basketball with China, it's just a huge business that enables us to come over and connect with them and continue that fan affair.
I have done business in China for 25 years, so I know that in order to get China to cooperate with us, we must first actually retaliate against their cyber-attacks so they know we're serious. We have to push back on their desire to control the trade route through the South China Sea through which flows $5 trillion worth of goods and services every year.
People who are good at maintaining a deep oil well will also be very helpful in converting it to a geothermal green energy source. People who have been laying pipe, it's the same skill as putting up a wind turbine.
China is very important. The future growth of China, China's influence is bound to rise.
In my district back in Texas, significant because we have a big solar panel production plant in Keller, Texas, we have a wind turbine plant in Gainesville, Texas, up in Cook Country.