Political Quotes

“I thank Mr. Hill. I want to agree with the importance of bringing allies to the table to address those practices. There are four, and there are several others that we would probably agree on. In a way, I think the thing that our President respects about China is they put China first. They have used all the resources of their nation really since 1989, since Deng Xiaoping transformed China's economy to a more market-oriented economy. They are not a market-oriented economy. That was one of the things they committed to do as part of joining the World Trade Organization. They are a command-driven economy in many respects. They have made great progress since 1989 to being market oriented. Frankly, since 2008, they have gone the other way in some of their practices. If you look at the revolutionary idea, though, the idea that lives can be changed by trade and capitalism, China under Deng Xiaoping, at the peak, they were using communism with Communist principles, and he introduced to them communism with Chinese principles, which was essentially capitalism as long as we can stay in charge. It is a corrupt, subsidized form of capitalism, but at its peak, it was lifting 1 million Chinese people a month out of dollar-a-day poverty. Trade was a key part of this, inflows of foreign direct investment to reach this massive market. Today General Motors sells more cars in China than they sell in the United States of America. This is a better path than the one I expected.…”