China

“A paper published showed that in China, up to 86% of people did not realize that they were sick, or they were unreported, and they had mild symptoms.”

“Limiting the flights in from, for Wuhan or China was a good initial step.”

“This is the beginning of the modern cold war. And so it's America versus China. Except that China is a much more worthy adversary for us than the USSR, SSR was at their peak.”

“Decoupling from China is going to be a bipartisan issue now. I think both candidates now will be, well, Trump is going to run blaming China for what happened. And I don't think Biden's going to be defending China. In fact, they're going to try and peg him with…”

“And that just wouldn't fucking be possible. Like we don't have enough people to work. We don't have the ability to do that. The cost of everything would go up by five X.”

“It doesn't really make sense for us to be dependent on China for our antibiotics, for our medicines, for our PPE, for any of these You know, any of these products that are important for national survival I think all that stuff is going to come back home.”

“You can't successfully sustain a cold war with China without global partnership. And I think you know, this notion of nationalism and isolationism in the United States will not work in a world where we are also trying to compete globally With China and are rai…”

“Two, 2.8 million. Now how many do you think exist in the United States? Close, about 250,000. And China has about eighty three million factory workers, and we have about 12.”

“But right now, China controls 80% of the supply of rare earths.”

“Nothing brings us together like a common enemy. So it could be that the unification is gonna be you know, in part driven by this Cold War II and creating a common enemy in China. Is going to work for both the right and the left and create a lot of opportunity …”

“And soybeans are grown on a hundred and sixty million acres in the US and it rotates half and half each year with corn, but about two thirds of our soybeans historically get exported to China.”

“We don't, we just threw open our markets to their products which caused, you know, us to lose our whole, you know, industrial you know, manufacturing capacity.”

“Whereas in order to get Access to China, you have to say and do the right things, or certainly to not criticize them.”

“In the 19, when the great Chinese economic reformer, Deng Xiaoping, decided to open up the Chinese economy, the average Chinese was making two dollars a day, and today their economy is roughly the size of the US.”

“He created a total realignment on our views around China. I think it's now a bipartisan consensus that, you know, we should not keep feeding China and making, you know, keep feeding that the Chinese tiger and turning into a dragon.”

“He said that the FBI is opening a new China-related counterintelligence case every 10 hours.”

“George Bush in 2001 had this really seminal decision, which is he had the ability to block China from entering the WTO and instead he left them in. And he traded that for a vote on the Security Council.”

“And if you looked at the great scientific and technical discoveries of the last 30 years, so many of them came from the United States because of this freedom, not from China, and China's certainly done fine.”

“All of a sudden, Bush comes along and says, Well, you know, this seems to be working out. Well, I want to go to war with Iraq, I need to basically get China to vote. Yes. And the Security Council. Okay, what's it gonna take? China's like, admit me to the WTO.”

“They're not going to stop Bitcoin in the West, but they will stop it in China.”

“And China can do its best to try and stamp it out, but I don't think they'll be successful at that.”

“A Chinese billionaire dies every 40 days. Unnatural deaths have taken the lives of 72 mainland billionaires over the past eight years. 15 were murdered. 17 committed suicide. Seven died from accidents and 19 from illness and 14 were executed.”

“China is also the number one producer of fentanyl.”

“At a minimum, we need to decouple ourselves from China with regard to anything that's a vital American interest. We cannot be dependent on them for the manufacturing of our PPE, for our antibiotics, for our pharmaceuticals.”

“I think, 60 apps from China have been banned permanently in India.”

“You're seeing both Democrats and Republicans really get on the same page now about the threat that China represents, but our domestic policy is not realigned around that.”

“China's population , I think is projected to shrink to about seven hundred million people.”

“I would refine what I'm saying by saying it's a distribution of risk where it's closer to Russia now than it is to the United States.”

“And that is why I think you're seeing, you know, giant ripple effects now because I mean, to Chamath's point about decoupling, we now it looks like are going to be decoupling our financial markets.”

“I think that what we're starting to see is the beginning of nationalizations. And I think it's going to start in technology universe, because those are the critical assets that the Chinese need to own for the future.”

“There are 34 IPOs of major China Chinese tech companies that were scheduled to IPO in U S markets, and they have sort of shut that pipeline down.”

“By the end of 2100, China's population will shrink from 1.2000000000 people down to about seven hundred million people.”

“As of 2018, which is the last updated list, as far as I could find it, there are 33 sectors of the economy where China says you cannot be a foreigner and own any equity.”

“VIEs are part of 58 companies massive Chinese mega cap companies that are in the huge indexes in, in the United States. These 58 companies account for two trillion dollars of market cap.”

“So you could see this actually, I think, you know, maybe it's a small chance, five percent or 10%, you know, creating a lot of social unrest.”

“It's another in my opinion, it's another tool that China will use to outcompete this century.”

“I think they're doing what all American parents would want our government to do for our kids.”

“They will invade at Taiwan. I've said this before, but I think that they will, and we will have no choice except to deploy troops into Taiwan, because in the absence of the silicon that we need from TSMC and a couple of other manufacturers there, we have zero …”

“China is like the new Nazi Germany woke America is like the new Soviet Russia and the decentralized center is going to be the new America.”

“I think that China does have some Monroe Doctrine-like thing that it gets to within Asia where basically it says, you know, just like the US said, hey, you know, we're running this hemisphere. They're saying, hey, we're running this sector of things.”

“I support China's limits on social media use by children.”

“The US military has a perfect record in its war games with China. China's won every round.”

“I think China's on the brink of having a revolution.”

“By enabling all of this woke mob inside their own company by coddling them, addressing them, and not keeping them focused, they will eventually get to the fact that China is, you know, has three million Uyghurs in a concentration camp, and those Uyghurs are pr…”

“But it now looks like we'll be living with Xi Jinping until until, you know, he joins the afterworld. So he's a ruler for life of China, basically.”

“China's building a 150 nuclear power plants. They've commissioned a 150 nuclear power plants.”

“China has done a masterful job. They control, you know, a lot of the lithium, a lot of the nickel, a lot of the cobalt, a lot of the graphite. They control a lot of the rare earths that go into the permanent magnets.”

“China's pretty much shut down the foreign IPO market for their tech companies.”

“China may solidify its position next year. And this is going to sound a little crazy as a leader in climate change mitigation. Whereas it's historically been considered kind of the primary foe against climate change.”

“I don't think we're going to hear a lot of good news about China for the next decade from any politician in the United States or anyone that wants to defend our political and economic interests globally, which are certainly being challenged by China right now.”

“In the United States, where we have a population of let's be generous and say, four hundred million people, 2.3 1,000,340 1,000,340 million Americans, 2.3 million of whom are incarcerated. In China, with a population of 1.4 1000000001.7 million Chinese are inc…”

“That is the numbers that human rights organizations are saying between 300,000 and a million people are incarcerated right now being tortured, raped, and in doing forced sterilization reeducation, and when they're released are being tracked in ghettos.”

“You've got reports of upwards of a million You know, of these people being held in detention camps.”

“The broader China v U S narrative that is swelling and will continue to swell this decade.”

“When the West wanted to come in and investigate what happened in this lab, China approved one person from the West to come in and conduct the investigation. Guess who that was? Peter Daszak.”

“Hunter Biden went over to China to manage billions of dollars for them and profited by his business dealings over there.”

“So for the last 18 months, China had this total zero tolerance policy and was very successful in keeping COVID out of out of their country. And so manufacturing just kept running as if not no problem in China, which is the majority of this manufacturing.”

“The zero tolerance policy has shown up, for example at least twice where one long, one port worker in a Chinese port got COVID and they shut the whole port down for like three weeks.”

“That's going to create a resource imbalance that they will use to create even more influence in the future.”

“And so as China builds out a 140 nuclear plants here over the next two to three decades, they're going to see their energy cost decline from about nine cents for industrial use, potentially, you know, into the sub five cent per kilowatt hour range, which makes…”

“If taiwan really wants to be independent every adult there needs to learn how to fight and they need to have weapons And that's gonna be the best guarantee. We can be their ally, but that's gonna be the best guarantor is creating a credible deterrent to she mo…”

“There's a transition that's happening mainly because of China. So we're, and I, you know, it seems like what we're doing is pushing Russia irrevocably into Xi's arms.”

“We have to implement energy independence writ large, and we have to make sure that it is very clear we have influence amongst all these OECD countries, because if China takes one foot over the line, We have to have the ability to do to them what we've done to …”

“If you were to look at this from the Chinese standpoint, they must be loving what's going on. Loving it. Old saying, I think Napoleon said it, never interrupt your enemy when he's making a mistake. Why is China So quiet right now. Well, yeah, because they love…”

“I think it's very likely that the way this is going to play out geopolitically is that Russia will become a Chinese client.”

“It's completely off the table. Completely off the table.”

“China and Saudi Arabia are negotiating, settling a huge oil trade in Yuan.”

“This is why they're not going to supply the Russians with weapons.”

“The United States is going to be fine. Western Europe will be fine. China will be fine. Sri Lanka is gonna be a mess. Northern and Eastern Africa is gonna be a mess.”

“There's only one country in the world that can do that right now to us, which is China.”

“And I think that, for example, the food crisis that we're seeing emerge in Ethiopia, Somalia, Eritrea, Djibouti, Is going to be resolved by China. And China is going to end up gaining influence, gaining military presence, and establishing a more permanent foot…”

“And at this point, China has a 150% of their annual consumption of food in storage.”

“And I have a strong prediction and a strong belief that because of that, China will use it to maximal leverage. And we will see over the next year, an incredible amount of leverage and power being accumulated by China because of transactions that they're going…”

“China and India are both de facto on Russia's side of this.”

“What we're going to see was trying to for the first time that anyone can remember who is alive is an economy that is Twice the size of the U S possibly three times the size of the U S”

“Two years ago, Mexico became cheaper than China in labor costs.”

“By 2100, it's going to be around six hundred million.”

“And that number will soon be 40,000 as they continue to build”

“Probably about half of all of our volumes come out of China.”

“China only has a quarter Of the cold storage capacity per capita that the US does.”

“The built environment, the construction, and the real estate industries, if you combine that all together, you've got about 27% of the economy.”

“In China, about Eighty-five-ish percent their transactions are mobile. Here that's barely 30%.”

“China's only as urbanized as the U.S. Was in about 1950.”

“China's e-commerce percentage is about 25% of their overall retail. Here it's about 14%.”

“I think it's a fair analogy to say, That Germany is to Nat gas as we are to China supply chain.”

“Interestingly, about 80% of the aluminum and 80, 80% of the steel production in China is done with coal.”

“Pretty much all of the incremental steel and aluminum and commodities capacity in the world over the last decade has come online because, you know, China has led the way.”

“So outside of us, this entire supply chain is essentially domiciled in China.”

“Taiwan does not have the tools today that they need to deter Chinese aggression.”

“Xi is not. And Xi is much more hedged and moderate and, you know, wanted to have more optionality and felt that he was cornered”

“Their nuclear strategy with the Belt and Road Initiative is to put 30 nuclear reactors in countries outside of China that they're trying to have influence in, and they're building 30 nukes right now. They got a 150 planned.”

“And as you point out, China will likely end up becoming the savior and supporter, particularly where they have infrastructure investments and interests.”

“China, for example, 2019, six percent growth us in 2019, 2.1% growth.”

“The numbers are, it's gonna be under six hundred million by the year 2100”

“The birth rate or the fertility rate in China slipped to just 1.15 in 20, 21.”

“China has about three million factories or manufacturing facilities throughout the country employing about one hundred and twelve million people. The US has about 300,000 factories employing about 12 and a half million people.”

“China now accounts for 20% of global GDP from less than two percent in 1990.”

“If factories become much more automated, they start to become a function of the price of electricity in terms of what they can output, China's gonna have a huge advantage as these nuclear power plants come online over the next couple of decades, and these faci…”

“I think the financial, I think it's more like the financial crisis in 2008 that was driven by the real estate bubble. They've got their own real estate bubble, which is collapsing there.”

“According to Bloomberg, 70% of household wealth China's tied up in property much higher than the US.”

“A really important trend, Chamath, unlike That I think is playing out and will play out for the next decade on deglobalization. So as the US tries to build its own semiconductor manufacturing capacity, as China loses key trade partners, as all of these markets…”

“I think there's a very high probability that we actually end up in a war with China.”

“Biden's backing away from this now, but in his first year, He declared the Saudis be pariahs, and he did push them into China's arms.”

“And in China, they had 70 days in a row of record-setting temperatures.”

“With the benefit of hindsight, what we can see, with the benefit of hindsight, what we can see is that our Chinese policy of interdependency, really it was called constructive engagement, was a complete and unmitigated disaster.”

“I think it's been made pretty clear that both India and China will not stand beside Russia if they do something like this. And I think that that is important because they still are the two biggest purchasers of Russian oil.”

“I think Biden and Blinken have done a good job. They've done a good job on this right now. They've, played it well.”

“No, I think China makes decisions a little differently than perhaps US policymakers and foreign policy makers make decisions. They think forward and calculate the series of events that will follow from that decision, whereas we are typically reacting to some e…”

“China's declared that they're building 450 nuclear power plants.”

“However, with China in particular, I think we made a mistake in throwing open our markets to their products, giving them MFN status while most favored nation enriching them to the point where they became a peer competitor, the United States.”

“So, you know, the Chinese growth engine is coming back, and I think that that's going to be an important factor economically that we're going to have to figure out because it's going to have a huge implication to American growth and American inflation.”

“So they're going to find a soft landing for the equity part of, for the real estate industry in China.”

“Their population get current course and speed. I think the last number is it's going to have by 2100. There'll be about six hundred million people in China”

“I think this has been part and parcel of a very focused and dedicated plan by Xi. Phase one was to consolidate power. Phase two was to get through November and to basically get reappointed for life and dispel any other You know, rivals that he actually had. An…”

“I just think it's kind of ridiculous to assume that the second largest economy in the world pivots based on one letter from one CEO.”

“There was enough dissent and enough unrest that in order to stay in power, the CCP had to take action and they have to shift their position and shift their tone.”

“There will be a deal between Putin and Xi. And they met by satellite late last week to discuss ways to further help each other in 2023.”

“They're building 450 nuclear power plants, they're going to get the cost of industrial power below five cents or four cents a kilowatt hour, and they're electrifying all their factories.”

“And what we're doing right now, what we're doing right now is pushing China and Russia together into a new axis block.”

“Will it be banned? Yes, because it's the most obvious cultural way to pick a fight with China without actually picking a fight with China.”

“The statistic now is that China is the top trading partner with a 120 countries.”

“What happened with Japan is that Japan just hit a demographic wall, not dissimilar to what China is about to hit in the next 15 or 20 years.”

“Because you're committing the country To a war in the future, that would be probably the bloodiest war ever fought.”

“I, you know, right now we're borrowing six six billion dollars a day, mainly from the Chinese and Japanese, just to serve the interest on that debt.”

“And I think that that, that if we stopped our provocations toward the Chinese, that that would naturally de-escalate.”

“Our elites don't see any causation between the way they ran the country and the election of Donald Trump. The fact that we hauled out our manufacturing in the Rust Belt by throwing open our markets to China, exporting our jobs to China, the way that we squande…”

“They've got this alternative to the IMF that they're setting up that's not dollar denominated, and they've got seven nations in this thing now.”

“I think you have a very accurate assessment of what China wants, but it doesn't mean it's going to happen. And I think you have to make a bet. What do you think it's going to happen or not? I bet it's not going to happen.”

“The country will be halved by the death rate and the lack of birth rate by 20 300. Ok, so in another 70 odd years.”

“And now, Biden's just flushed it down the toilet because he's alienated the Saudis so much they've gone to the Chinese.”

“I think China is largely uninvestable for the next 30 or 40 years.”

“What really is happening is the government is going to stop all US venture investing in China. That's what's going to happen in the coming months.”

“And the reason there's not going to be a hard landing is you just saw China today basically say we're going to start to rip in trillions of dollars. They're going to stimulate the economy. You can't have a hard landing when China's printing trillions of dollar…”

“This idea that we're going to decouple the world never have to deal with these folks, right, is just a farce.”

“So the K-Web, the Chinese index, was up about 20% heading into these series of meetings.”

“China will do what it has to do to support and even prop up Russia if they have to.”

“China has just got so many internal issues. They're not going to be fighting wars.”

“Pentagon Presbytery Brigadier General Pat Ryder said the balloon not only did not transmit data back to China and never collected any. And he said, we're aware that it had intelligence collection capabilities, but it has been our assessment now that it did not…”

“Clearly this is part of a continuous escalation cycle that may take a years, may take a decade or two but ultimately there's going to be a point where this all comes to a head.”

“I just think that dollars tend to lead these things, and I think that in the next five to six years, five to 10 years, we're not going to be talking about China the same way we are today.”

“A decoupling from China, which is inflationary because, you know, China provides cheap goods and cheap manufacturing for a lot of industries and many of those industries sell to consumers. So ultimately those prices are going to show up in consumer Costs.”

“There was a lab yesterday in China that published no resistance, but they had to cool it down to a hundred degrees below freezing, and so it wasn't at room temperature, but it did superconduct, it did have no resistance.”

“What Trump nailed was three ginormous lanes that turned out now we can all agree with. None of us wanted these wars. Everybody basically believes that the border needed to be closed and everybody believes that China has taken advantage in a way that is really …”

“21 nuclear power plants are being constructed at this moment in China, eight in India. United States only has one, which is kind of an extension.”

“I think India and the U S will pull tighter together in terms of security because of a mutual desire to balance the power of China.”

“We are prepared. I mean, we have the enabled superiority in the Pacific. We have our seventh fleet deployed. We have nuclear-powered submarines in the area. We will make sure that China is deterred.”

“The carbon footprint of steel is three times higher in China.”

“There has not been a bipartisan congressional delegation to China since before COVID.”

“I am clearly of the belief that we should continue with the strategic ambiguity in one China policy.”

“Our business leaders have more access into China than our military, political or government leaders.”

“They, they've invited me to come over, and I've said, I'm on the Democratic side of the House, and I said, I've got to go on a bipartisan basis.”

“Nine out of the 15 top steel companies are in China. We don't have a single one.”

“If one is to take China's policy literally, and probably one should then there will be some forceful force will be used for, you know to incorporate Taiwan into China.”

“There will come a point if, you know, probably not, in the not too distant future, where China's military strength in that region far except exceeds US military strength in that region.”

“SpaceX and Starlink have no business in China whatsoever. They're not allowed, you know, SpaceX doesn't launch China satellites, and Starlink is abandoned in China. So, to be clear, SpaceX, Starlink, zero business in China.”

“So as we have this conflict between the United States and China and its allies, Russia, and so on, as we see that line up, countries that are in the middle, like India, are gonna be net beneficiaries of that.”

“They've got a debt problem, they have a debt restructuring problem”

“China is not just another great power, but it's going to be the biggest power in the history of the world.”

“Because of China's population woes, and because of, I think, some of these technological things that are sort of on the horizon, I believe that we're sort of at the edge of an era of abundance that will create a massive peace dividend, because a lot of the jus…”

“If there's a war between the U.S. And China in the next year, or four years, or decade, how is it gonna happen, in my view, the most likely? Not this way. It's gonna happen the same way the last war happened.”

“Will there come to be some degree of difference and accommodation, if a war is to be avoided? And the answer is yes.”

“China was, at the beginning of the century, 10% of the U.S. GDP. Today it's three quarters of the U.S. GDP.”

“The idea that this might work so successfully that China could become, could come to have an economy as large as ours, Didn't occur to anybody at the time.”

“If the U.S. Had to play this game only U.S. Versus China, I think we lose.”

“So if you ask me bottom line quickly, a war between the US and China in the year ahead? No. I'll give you 99% of that one. War between the US and China the next four years? No. I'd say 90%. Ah, no.”

“So it's quite plausible that China will have a larger GDP even by market exchange rates than the U.S.”

“And then there was an effort at Baidu. Right. And I was very worried the Chinese might win that. I'm hawkish on China. I have no trust there. And I love Graham Allison's book Destined for War. I'm a complete believer in that thesis. But I thought it'd be valua…”

“Meanwhile, you see China building 450 nuclear fission stations and the US building none.”

“China is now a superpower. They're probably the low-cost manufacturer of the world, so when we talk about being able to make things like armaments and artillery shells and weapons, they have the ability to out-produce us.”

“If we don't allow our market to develop in the United States, India, and China, and Singapore, and other markets will get well ahead of us in terms of their model development and their capabilities as a nation and their capabilities as an industry.”

“China, you all know, has significant, they have a bubble they're facing that will make ours in look like a gumball by comparison. And that is coming down the pipe.”

“I think he's pragmatic enough to not also then add foreign misadventures to that plate.”

“China is the largest buyer of US agricultural exports. Two hundred billion dollars a year of farm products that we make get shipped out to China.”

“My prediction for biggest business loser in 24 is, is actually the German economy.”

“And as a result of what the Houthis are doing, it's having to go around the Horn of Africa, it's adding two or three weeks to the trip, and it's raising the cost of a shipping container from China from, say, 1500 dollars to 3000 dollars.”

“China has fifty million homes ahead of schedule. They have fifty million additional supply that can house a hundred fifty million people.”

“Practically speaking, you should not make this a culture war issue. Don't talk about how it's ruining our youth ideals. Just say strictly on a trade basis. Yes. We cannot allow them to sell this thing to us if we can't sell the same thing to them.”

“I think the basic picture in China, ah, the United States, the emergence of India, and so on, is when the world order is going to change in a very profound way.”

“Today, 79% of lithium ion battery production comes out of China. The US is only 6.2% of global lithium ion battery production.”

“I would say the only issue they have that's a real long-term issue is just the Chinese competition. Companies like BDY are ramping up production of knockoff products at low prices, and so managing the competition with China is probably The only one of these is…”

“The electric cars, they're going to end up all being made in China, by the way, they're not going to be made here.”

“China's building a 150 nuclear reactors, and they're only spending about 2500 dollars a kilowatt. In the U.S., we're not building any, and our cost to build them is about 10,000 bucks a kilowatt, and China's about to build as much capacity as 20% of the total …”

“The Paris Accord was a disaster for us. We were going to pay a trillion dollars, and other countries were paying nothing. Russia was paying nothing. China was paying nothing. It didn't even kick in for China until 2030, whereas with us it kicked in immediately…”

“I think it's not inevitable. I think it's unlikely.”

“China just spent three hundred billion to build 16,000 miles of high-speed rail. They're spending eighteen million a mile. That's two percent of the cost of the California high-speed rail system. Two percent per mile. We are 50 times more expensive than China.”

“China's burning all the coal, and they're sending the coal, They're sending the ashes over the United States, because that's what happens. Takes three and a half days, and it blows over the United States.”

“One of the things I can tell you, the World Health Organization, so we pay them almost five hundred million dollars, and China pays them thirty nine million dollars.”

“The big loser of last night's debate was the American public. The big winner of last night's debate was probably Russia, China, Iran, maybe the Saudis licking their chops, watching the utter dysfunction in the leadership of the party, in the leadership of the …”

“The Zoom example is a terrible, the Zoom example is a terrible one, and the reason is that P&L would have a hole blown on the side of it if they did not have 90% of their R&D and OpEx in China.”

“Our biggest buyer of agricultural products today is China”

“Today, just to give you a sense of the relative cost of electricity, China's about seven to nine cents a kilowatt hour. The US is 17 to 25 cents a kilowatt hour.”

“This is why investing in and deregulating nuclear reactor technology in the United States to enable a competitive playing field with the United States and China in the decades ahead is so critical, because if we don't, China will beat the United States industr…”

“So I think at the peak right before, right as we were negotiating the term sheet, we pushed, we were burning, I think it was. Seventy five million dollars a week.”

“My intuition for, you know, what is going to happen without making any normative judgments at all is it is going to decouple.”

“It's not worth it's not worth World War III. And I still think it's quite catastrophic if it if it gets taken over by the communists.”

“If you if you if you say we want some guardrails and we won't defend Taiwan, then they'd get invaded right away.”

“TikTok will be banned, 24 hours after the Taiwan invasion.”

“You know, I think we're sort of sleepwalking into Armageddon with you know, the Ukraine and the conflict in Gaza are just sort of the warmups to the China-Taiwan war.”

“I certainly would not try to invest in a company that competed domestically inside China. I think that's virtually impossible.”

“If you try to prevent them from being a regional hegemon, we're going to end up in world war three, because as you say yourself, that this can absolutely spill over into war.”

“Is it leading to, ah, is it, by the way, recuperating American manufacturing jobs? Zero.”

“With regard to Russia, I don't think Russia is a serious threat to the United States. And indeed, I think the United States should have good relations with Putin. It's a remarkably foolish policy to push him into the arms of the Chinese.”

“Not going to happen. We tried it actually, and I thought it was foolish to even pursue a policy of engagement toward China.”

“The second place, which is maybe even more dangerous, not at the moment, but will be over time, is the Indian Ocean, because the Chinese are imitating the United States. They not only want to be a regional hegemon, They want to develop power projection capabil…”

“This economy has been the biggest beneficiary of China's rise probably in the whole world.”

“Yeah, it would wreck California for one thing. It would destroy the economy that you guys are making completely.”

“We have three agreements with China that say we're gonna stay out of that.”

“And furthermore, by getting bogged down in Ukraine, and now bogged down in the Middle East, it's become very difficult for us to pivot to Asia to deal with China, which is the principal threat that we face.”

“By the way, I don't believe India is an ally. India is a superpower. India is going to have its own very distinctive interests. Thank you. It's not going to be an ally of the United States. I happen to like India enormously and we're making their policies, but…”

“China is a peer competitor to the United States. It's the most serious threat to the United States. Russia is the weakest of those three great powers, and it's not a serious threat to us.”

“The place where a conflict is most likely today is not over Taiwan. I could explain why I think Taiwan is not a serious problem at the moment or for the foreseeable future. The South China Sea is a very dangerous place. We could end up in a war for sure, even …”

“I deeply believe that China is not a threat to the United States, and I deeply believe the only threat to the United States period in the world, given the oceans, given our size, and given the military, is nuclear war.”

“China, for example, can, Outbuild us by 232 times submarines that is, or new ships.”

“There's two groups that are already certified there.”

“The regulatory pathway there is more forward-leaning, I think, as Adam pointed out. And I think you're gonna see more, more rapid iteration, iteration.”

“We have a huge team in China selling basically to Chinese merchants that want to go here in the US.”

“There's four that's producing, China is producing a gigawatt of power.”

“There are SMRs operating in China, Russia, and India today. And there's about 65 being built at this moment, right?”

“They have publicly declared that they are selling off US treasuries and buying gold instead.”

“In 10 years, we're going to be looking across the water at, you know, a competitive country that has three X, four X, the electricity production capacity of our country.”

“But, you know, Nvidia's Blackwell chip comes out next year. You're gonna have new chips from AMD, new ASICs from Broadcom. And I think at that point, it is not going to be possible for them to keep up anymore.”

“So I think you're going to see real tariffs, like, especially against China, And the Trump administration is completely committed to reducing inflation, the cost of eggs, you know, and groceries, and I think those things can be reconciled.”

“There are people in China monitoring what certain people in the United States are doing, and the CEO lied under oath to congressional committees about this, and the evidence is now in the public domain.”

“The drone delivery business in China is already thirty billion dollars a year”

“The expectation is that by 2030, there'll be a 100,000 flying cars moving people around in China.”

“They're going to lose their Chinese business because they don't make competitive products anymore. If there's not massive protectionism, and we're seeing signs of that, they'll be caught between Tesla and the Chinese OEMs. And I think the only way that this do…”

“And I think that they're going to get a deal done given the position with China. I think that they're very likely to kind of get a deal done.”

“We are at war with China, whether we like to admit it or not, in my opinion, and so this is very strategic.”

“Because meanwhile, what you have is China militarizing very aggressively, Russia militarizing very aggressively. And what you don't want to have happen is those two countries take control of that northern passage as the ice sheet melts.”

“If you look at the Panama Canal, I believe either end is operated and controlled by China.”

“Chinese bonds are trading at a below two percent yield now, which is kind of unprecedented, and there's this real concern that China is in a very significant economic deflationary spiral.”

“This kind of also leads to what I think will be The grand deal with China, which I think will happen in the first six months of the Trump administration.”

“The same week China announces a one trillion dollar trade surplus. They're building more drones than us, more ships than us, more steel than us”

“We're getting our ass kicked by China on this on the you know, not just the mining, but the processing and the magnetizing, but we do have allies who have these resources.”

“Half the time, a 10th of the cost, and there's a regulatory path for Gen four reactors going up in China versus here.”

“It's gonna be part of the, this is gonna be part of the big deal with China when they do this grand deal, and I think it's gonna take a couple months, but it's gonna be a grand deal.”

“In 2000, the U.S. And China were both roughly a thousand terawatt hours. Today, the U.S. Is 1600 terawatt hours, and China is 9000 terawatt hours.”

“But if China, if one day China had 10 XR power capacity, it won't even matter, right? Because they'll just have so many more, whether they're not quite the same advanced GPUs or not, they'll just have so many more of them. Their industrial AI capacity will be …”

“The US today is paying roughly, you know, call it one and a half to three X the price per kilowatt hour for electricity in the United States over what China's paying.”

“They own 33% of all world manufactured goods, which is more than the combined U.S. German and Japanese manufactured goods, Chinese produce more.”

“Like, I think the Chinese are a bit behind in the chips and But they're ahead in the applications.”

“When you get really, really good at copying and that time gets tighter and tighter and tighter and tighter and tighter, you eventually run out of things to copy. And then it flips to creativity and innovation.”

“And if China is forced to engineer its way around it, yeah, Freberg, the answer to your question is they'll use these models to design chips that can be manufactured in simple ways, and they'll make simple stuff.”

“If you had asked most people in the industry a few weeks ago, how far behind is China on AI models, they would say six to 12 months. And now I think they might say something more like three to six months, right?”

“A lot of the innovation you will see coming out on Uber Eats or DoorDash Like the stuff that's coming out now is stuff that existed three years ago, four years ago in China, maybe longer.”

“If you had asked most people in the industry a few weeks ago, how far behind is China on AI models, they would say six to 12 months. And now I think they might say something more like three to six months, right?”

“We know that China has basically caught up, or they're very, very close to catching up.”

“So there's only one of two stable solutions. Either you pay the copyright holders, which I actually think doesn't work, And the reason is because someone in China will crawl it, and they just dump the weights, right? So they can just crawl and dump the compres…”

“They sent us back the best open source model when our guys were staying closed source for safety reasons.”

“And so, if we hobble ourselves with unnecessary regulations, if we make it more difficult for our AI companies to compete, that doesn't mean that China's gonna follow suit and copy us. They're gonna take advantage of that fact, and they're gonna win.”

“There will be, as there was in the first Trump presidency, very likely very large transfer payments made to farmers, because China is very likely going to tariff imports or stop making Import purchases altogether”

“If you look at it today, probably the largest defense contractor in the world is DJI. They got all the drones. Even in Ukraine, both sides are getting all their drone parts from DJI. Now they're getting it through different supply chains and so on, but Ukraini…”