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00:00Dr Gao, the US may not be declaring war on China, but Vice President J.D. Vance recently
00:08said, to make it a little more crystal clear, I'm quoting here, we borrow money from Chinese
00:14peasants to buy the things those Chinese peasants manufacture. So it's maybe not a declaration of
00:22war, but it's certainly not a show of respect to another global leader. Is this how a world
00:27superpower should behave? Well, J.D. Vance and I went to the same law school, your law school.
00:33I was 20 years ahead of him. I'm ashamed by what J.D. Vance said, because he kept talking about the
00:39Chinese peasants, Chinese peasants, etc. Let me make the simple point. The urban population in China
00:46is about three times as big as the total population in the United States. The middle class in China
00:52is more than the total number of the people in the United States. So if J.D. Vance comes to China,
00:58he could barely find a peasant at all, because he will see the urban population. And by today,
01:04China is one of the leading industrialized nations in the world.