A Look at U.S.-China Relations

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July 22 (Bloomberg) -- "China Threat" Author Lionel Vairon, USB's Maury Harris and Erika Karp discuss U.S.-China relations with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)

Book about china threat but with a question mark?

I thought really the misunderstanding between china and the rest of the world was too big.

I thought that it was useful to try to its lane some basic point about china and try to get another angle to go through the challenges of china.

But some of the myths we have about china and the power.

Maybe the biggest myth is that chinese people cannot do what we have done in the last 200 years because they do not know they'd. china is showing what they can do.

They can do it in the next case the next poor thing is to show that china is not going down.

China is going to build up.

We have to face it.

We have to raise as well.

My question to you, what would be the best way for our administration government officials to articulate the opportunity to a greater degree than p will perceive the risks.

How do you show that partnering is a better way?

What should they do?

We have to face what the chinese expect.

They spec -- they expect for their civilization and their policies.

They believe they have been overlooked specifically for the last 10 years.

Now we are coming to a new error.

They are becoming a huge power.

They are the second economic power.

They will come to the level power in 20 or 30 years.

They want to be respect did.

We are talking mainly about the united states.

Now we talk about china.

Not before.

They do expect more respect for their challenge.

That was their book i wrote about.

It was about their challenge.

Many people do not understand the size of china, the difference that exists.

The regional difference.

There is this community.

I think we have to understand what they face.

One source of tension is that one has to do with trades.

They have relied extensively on this for growth.

We need the chinese consumer to stop saving so much money to consume more and buy more of their domestic out that.

That has been pretty hard to do.

What will get the chinese citizen to start consuming more?

Why do they spare so much money just because the cost of education?

When they were companies they did not have this problem because everything was taken.

Now they have been reforming the country's for about 30 years.

It has coverage.

They have to pay for education.

They pay money for that.

As soon as the system will have improved in that respect, with companies taking in charge, they have insurance and the education.

Going back to a less expensive educational system.

There were thoughts of putting more money in conception.

The chinese are good customers.

They love buying things.

What we have answered now is this new air of clinical and social reforms.

This will have a huge impact on the domestic ones.

I want to thank you all very much.

This text has been automatically generated. It may not be 100% accurate.

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