A Quote by Carly Fiorina
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.
Related Quotes
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.
In the South China Sea and underneath the South China Sea, of course, there's a lot of raw materials. There are very rich fishing grounds there, so there are some economic concerns in the South China Sea as well.
We all know that China is industrializing at a growth rate of 8 to 10 percent per year. China is on track to pass the U.S. as the largest economy in the world in 20 to 25 years, and China is determined to give its people a chance at this high standard of living that we enjoy.
We have trade with China. We lose hundreds of billions of dollars a year on trade with China. They know how I feel. It's not going to continue like that. But if China helps us, I feel a lot differently toward trade. A lot differently toward trade.
I mean, on one hand Rex Tillerson is correct, there are no plans to change the One China policy. But certainly that policy is on the table if China doesn't also come to the table and work with us on trade, work with us on the South China Sea on what's happening there.
There's a national ambition, a collective, in a sense, political ambition, which I think is the thing we see from far away. That's the fact that China's building roads and airports and extending its reaches out into the East China Sea and the South China Sea, and in a way that's putting it into some tension with its neighbors.
China is a rising adversary. So one of the things we have to do if we want China's support is to push back on China.
As commerce secretary, I led the Clinton administration's effort to ensure China's entry into the World Trade Organization and the permanent normalization of trade between the U.S. and China - steps that produced a 76 percent increase in U.S. exports to China in just three years.
We're going to push hard against China because 90 percent of the trade that happens with North Korea is from China, and so, while they have been helpful, they need to do more.
I'll also make sure that America has trade relations with China that work for us. I've watched year in and year out as companies have shut down and people have lost their jobs because China has not played by the same rules, in part by holding down artificially the value of their currency. It holds down the prices of their goods. It means our goods aren't as competitive and we lose jobs. That's got to end.
In America, we're being hurt very badly by China with devaluation, with taxing us heavy at the borders when we don't tax them, with building a massive fortress in the middle of the South China Sea, which they shouldn't be doing.
I fully understand the One-China policy. But I don't know why we have to be bound by a One-China policy unless we make a deal with China having to do with other things, including trade.
China believes that it has the rightful claim to a vast portion of the South China Sea, which is claimed by other countries.
As ambassador to China, Huntsman never publicly objected to Obama's trade policy, which allows China to take advantage of us - something that Donald Trump highlighted. Challenging Obama on China is one of the keys to beating him.
The U.S. must differentiate between controversial assertions of power, like those in the South China Sea, and fair reflections of China's growing contribution to the world, such as the new banks.
You American people worry too much about the China economy. Every time you think China is a problem, we get better, but when you have a high expectation for China, China is always a problem.
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