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The Inevitability of China's Rise
I would say that for the most part, I am fairly pessimistic about China's long-term economic rise. When you have all of these headwinds, demography among them, a structural slowdown in real estate because property is just not going to be driving so much more of Chinese economic growth. A lot of technologies can be figured out by an economy that is still growing at two, three, four percent. That is still pretty good with a very well-educated population now and masses of engineers able to work on these things.