Arthur Kroeber

Yeah.

I think the question is you can say what you want,

and your sort of ideal state of things, but then how do you get there?

Because there are a lot of people in China who would say, well, no, we want it all and we can, so why should we make that deal with you?

So if I take this down basically to the level on which the United States and China are now starting to negotiate, my personal view on this would be that it would make a lot of sense

for the US to be much, much more open to a direct investment by Chinese companies in manufacturing in the United States.

And I'm thinking particularly things like electric vehicles, that whole supply chain, green energy, industrial automation, all of those things.

Why do I think that?

Well, first of all, I think if the US is serious about revitalizing its industrial base, and I think there's a good case for trying to do that selectively, it is not going to happen unless you invite in the world's leading players and have them compete.

That is how China industrialized.

45 years ago, they were an industrial basket case, basically.

They said, we want to get industrially strong.

How do we do that?

We get all the leading companies in the world to invest here, and we will learn from them.

And that's how you do it.

So if we're serious about that, we should be serious about figuring out ways –

that we can bring Chinese industrial investment into the United States.

And that, to me, would be a win-win because Chinese companies at an individual level would love that.

They see the US as a huge market.

They can't get into it right now.