Bill Clinton: “I think what will happen in China--I believe this will happen because of the technological revolution--I think in your…”

“I think what will happen in China--I believe this will happen because of the technological revolution--I think in your economic growth you will almost leap over a whole generation of economic experiences that older European countries and perhaps the United States experienced, where you will essentially be creating an industrialized and a post-industrial society at the same time. And therefore, more quickly, you will have to educate more people at higher levels than we did. Because what happened in the 20th century in America is, first, everyone had about--you know, first, education was the province of the elite. And then everyone got about 4 years of education, and then 6, and then we went finally to high school education. And then when I became President, about half of our young people are going on to university. Now people are actually coming back to university in huge numbers. The average age of our university student is going higher because we have more people not only coming right out of our high schools but also coming back from society, because everyone recognizes now that we have to universalize very high levels of education because of the way the society works. So I think that this will happen in China more quickly just because of this moment in history, and I think it will be a very good thing. I wanted to--I know we're about to run out of time, but I wanted to ask a couple of more questions. Go ahead, Professor Xie, do you want to make a point? Because my question is unrelated to this, so go ahead. Participant. [Inaudible]--continue this discussion, but we know you have a very busy schedule. And we're very glad to be here to discuss our life here with you and we thank you for listening.”