China

“China is the sixth or seventh, ah, world's largest producer of wine today.”

“Across these five different cultures, China, India, Japan, Korea, the U S really different cultural systems. About 50% of any expression that an individual would admit is this universal expression, you know, where if you get embarrassed, you turn your head awa…”

“One of the world's first special economic zones was created in Shannon, which was very close to, you know, maybe 10, 15 miles from where I was born. Deng Xiaoping visited it and found this quite inspiring, and so decided to set up special economic zones in Chi…”

“And I think those rates staying so low, Is a sign that there's all this wealth out there in the world, Russia, China, but not really that many safe places to put it. So they buy us government securities, which is perfectly understandable, but it lowers our rat…”

“Chinese don't pay tariffs. Tariffs are paid by consumers of goods. We have collected billions in tariffs from US consumers of Chinese goods.”

“The point is that we have probably lost twenty-four million jobs to increasing productivity over the last 40 years compared to three million that went to China. And it shows you the scope of the problem and the location of the problem. The problem is not China…”

“The same is true of China, right? So if you do a linear projection of China, You know, five years ago, you'd have said, oh my gosh, you know, by 2040, China's economy is going to be just enormous, but the reality is growth's going to fall off, because what the…”

“Hardware companies are just going to die, many of them, because they just can't get the parts from Chinese warehouses.”

“There's a great wall of China, the great firewall, and I think we're going to see the great By the wall of China, okay, where, you know, they'll be sequencing and testing the heck out of everybody, scanning the country constantly to see, okay, is a virus risin…”

“In the last six months, and you can Google it, Herbalife paid, settled with the SEC for twenty million dollars for misleadingly describing their China business and their public finance, because it actually, the compensation scheme is precisely the same as, and…”

“Business school, as an example, has taught you that redundancy is waste, and waste can be converted into profit, and profit is converted into compensation. And I think that is what people have really drank the Kool-Aid on. And so, you know, when they ran out o…”

“Two of my biggest games, one in 2008, and one in 2010, forecast big respiratory pandemics that started in China for the year 2019 and 2020”

“China has been relatively free economically, but relative, but very unfree politically in the last few decades. I think that's now changing. I don't think it's very free in either respect. And so I don't see it leading the world in prosperity for an awful lot …”

“So there were studies done with pop song lyrics, which show that in general, in the west, pop song lyrics from the 19 eighties to today have become increasingly individualistic with words like we, us, and I are supplanted by words like I, me, and my, and this …”

“If I sell in the US, I better have a certain amount of jobs in the US. If I sell in Germany, same thing. If I sell in China, same thing. And my generation didn't have to think that way, but the next generation is going to have to think that way.”

“My hunch is you could go through product after product and making it in Canada or the U S is probably just about the same as making it in Mexico or China today.”

“We fish for shrimp in the Gulf of Mexico. We transport those shrimp all the way to China and Vietnam, where they get deshelled, and then put them on other boats and ship them all the way back to us.”

“This is why I think if China becomes, has become a tech and manufacturing superpower, I think India becomes a tech and media superpower.”

“The Chinese sort of bought censorship at the seed stage or series a stage and the U S establishment has tried to institute censorship at like the post IPO stage. Okay. Which is 1000 X or 10,000 X or a 100,000 X the cost. After three billion people have gotten,…”

“In China, actually, Xi Jinping has talked about how he did not want houses to be used for investment. And actually that's part of their policy there is to try to intentionally pop the bubble rather than having a bear or Lehman type thing. Evergrande was like a…”

“I think by 2040, there's a chance, I'm not saying a hundred percent, but I think that if the last century ended up at least the second half was USA versus USSR, right? I think this century may end up as being China versus Indians, not India. I think that's whe…”

“And therefore, a lot of Western markets love to come to India and say, oh, India is the next China. It's not, because our per capita income is never going to beat and grow like China, because before China started becoming affluent, 96% of Chinese urban women w…”

“When I kind of go through the entire world, there's basically two places that embody this fighter pilot terminology called an OODA loop, observe, orient, decide, act. It's how fast you make these decisions through this kind of, this framework, both as individu…”

“When I kind of go through the entire world, there's basically two places that embody this fighter pilot terminology called an OODA loop, observe, orient, decide, act. It's how fast you make these decisions through this kind of the, this framework, both as indi…”

“Now, as it turns out that project didn't go forward, and we're currently trying to build our new plant in Wyoming, and we have a deal to do that, which is very exciting.”

“It would not surprise me to see Some new religions based around AI emerging in the kind of vacuum of the waning of the established religions. And let me say one last thing. And I would expect it to see these first in China and maybe Russia because they have a …”

“Nationalism is something bigger than yourself to believe in, and so that's why there's going to be a rise in China of nationalism. That's sort of almost inevitable, because that's bigger than yourself, and you can believe in that.”

“50% of all AI undergrads in the world today are being graduated by China.”

“In our own country, in the United States, 38% of researchers in AI are from China.”

“I think Micron is a US company which is going to be more constrained by restrictions that are put on export control, and I think SK being a Korean company is going to be able to skirt those in the same way that NVIDIA has with, you know, distribution to China …”

“I think China, it's a, it's an economy in itself today. It's 1.5 billion people. They're getting richer every day. They're turning into a consumer service society. There's not that much of manufacturing that's relevant to them. I think they will do extremely w…”

“Trump tariffs against Canada actually only strengthen China because they weaken both Canada and the US.”

“They produce one ton of aluminum with two tons of carbon. China, it's 14 tons of carbon for every ton of aluminum.”

“That society probably, you know, unless there's other changes there, like that's, you can sort of count on a single, ah, artificial super intelligence, like sort of setting the, how everything works over there.”

“Volumes from China collapsed, 60% down when, on April ninth, the day the duties hit, stayed down for five weeks, and then as soon as he relaxed, as soon as they, the Trump administration relaxed the duties on China to 30% instead of one 45, it surged to 80% ab…”

“You could ship a container from China to the U.S. For, our cost was like 600 dollars. Normal long run average about 2000. Today, I didn't check the price this morning, but it's probably four or 5000 right now. And the peak COVID was, you know, famously got to …”

“So when tariffs were at one 45 on China, we helped a lot of companies move into bonded warehouses because We all predicted that it would come down from there. So you're better off waiting and only enter the goods, only exit them out of the building, but enter …”

“I am not worried about foreign competition. Yeah, China may have robots that are great, but we got people that are unbelievably smart, and our system just works really well.”

“Because it's more intense, everyone's chosen to go open source, and that creates a system that, in my mind, is capable of innovating far faster Then the competitive system we have here.”

“Having spent a ton of time in China over the past 20 years, it's hard for me to adopt this mindset of vilification that's heavy amongst many in Washington and now many in Silicon Valley.”