https://fortune.com/2023/01/26/bill-gates-china-rise-great-for-rest-of-world/
BY STEVE MOLLMAN Jan 26, 2023
Bill Gates, seen here at the Australian Open on Thursday, considers China's rise a net positive.
Bill Gates sees China’s rise as a “huge win for the world.” But he knows that not everyone shares his view.
Speaking this week at the Lowy Institute, a think tank based in Sydney, the Microsoft cofounder gave his perspective on China’s transformation from a developing economy to a major world player.
“China has gone from in 1980 being incredibly impoverished—poorer than India, I mean literally, with starvation, malnutrition—to being the most wealthy middle-income country in the world,” said Gates. “It’s incredible, and it’s great for the world.”
The Microsoft billionaire, who currently ranks as the fourth richest person in the world, also warned about the negative attitudes toward China in the United States today, and vice versa.
“I do think the current mentality of the U.S. to China, and which is reciprocated, is kind of a lose-lose mentality,” he said. “If you ask U.S. politicians, ‘Hey, would you like the Chinese economy to shrink by 20% or grow by 20%,’ I’m afraid they would vote that, ‘Yeah, let’s immiserate those people’—not understanding that for the global economy, the invention of cancer drugs, the solution of climate change, you know, we’re all in this together.”
The current hawkishness toward China in the U.S. could become “self-fulfilling in a very negative way,” he cautioned. He didn’t give an example. U.S. lawmakers voted overwhelmingly this month to establish a House select committee specifically to address the various threats that China poses to the U.S. GOP Wisconsin Rep. Mike Gallagher described a “coordinated whole-of-society strategy to undermine American leadership and American sovereignty” by the Chinese Communist Party.
Gates also noted China’s economic importance, saying it holds 20% of the world’s people.
“Their portion of the global economy and their portion of the global population match exactly. Countries like Australia, U.S., we have per capita GDPs five times what the Chinese have, so we have a disproportionate share of the world’s economy.”
But it wasn’t all rosy. Gates also leveled criticism at China. The country is “not a democracy,” he acknowledged, and is an “outlier today in terms of that level of wealth and still being as autocratic as they are.”
He also knocked China for not acting quickly enough to get its population properly vaccinated early during the COVID pandemic.
China “should have jumped on vaccines, particularly for the elderly, much faster, and that would have allowed them to open up somewhat sooner than they did,” he said.
China recently loosened its strict COVID restrictions and is reporting an uptick in COVID deaths as people circulate more freely, but the official numbers are likely far below reality. “We’ll never know the true death numbers,” Gates said.
Still, Gates said nations like China needed to step up on the world stage.
“The U.S. is politically weaker today, I would say, than it’s been, and, you know, that’s scary for the world,” he said. “The current world system is designed around U.S. leadership. As other countries have gotten richer, these middle-income countries including China and India need to play a stronger role in world governance.”
Bill Gates says 'China's rise' is a 'huge win for the world'
https://www.foxbusiness.com/economy/bill-gates-says-chinas-rise-huge-win-world
Gates also said that China needs to play a 'stronger role' in world governance
By Adam Sabes FOXBusiness January 25, 2023
FOX Business' Ashley Webster reports that billionaire Bill Gates is backing an Australian startup that's trying to stop cows from burping methane emissions.
Microsoft co-founder Bill Gates said that China's rise is a "huge win for the world" during an interview in Australia on Monday.
Gates made the comment during an interview with the Lowy Institue, a think tank based in Sydney, Australia.
"I tend to see China's rise as a huge win for the world," Gates said. "I mean, that's 20% of humanity. They today match their portion of the global economy, and their portion of the global population match exactly, you know, countries like Australia, U.S., we have per capita GDP's five times what the Chinese have. So we have a disproportionate share of the world's economy."
His comments about the communist country came in response to a question asking Gates how "bullish" he was on China.
CRITICAL COVID-19 CASES IN CHINA ARE DOWN 72% AFTER HITTING PEAK EARLIER THIS MONTH
Bill Gates attends the World Leaders' Summit "Accelerating Clean Technology Innovation and Deployment" session on day three of COP26 on November 02, 2021 in Glasgow, Scotland. (Photo by Jeff J Mitchell - Pool/Getty Images / Getty Images)
"You know, I do think the current mentality of the U.S. to China and which is reciprocated is kind of a lose-lose mentality, that if you ask U.S. politicians ‘hey, would you like the Chinese economy to shrink by 20% or grow by 20%,' I'm afraid they would vote that ‘yeah, let’s immiserate those people,' not understanding that for the global economy, the invention of cancer drugs, the solution of climate change, you know we're all in this together."
While painting China's rise positively, Gates acknowledged that the country is "not a democracy," and is an "outlier today in terms of that level of wealth and still being as autocratic as they are."
Chinese President Xi Jinping is seen at the end of the Chinese Communist Party's 20th Party Congress on a giant screen a commercial district of Hangzhou in eastern China's Zhejiang province on Sunday, Oct 23, 2022. (Chinatopix via AP / AP Newsroom)
During the interview, Gates also said that the U.S. is politically in a weak state, adding that countries like China need to play a bigger role in world governance.
Bill & Melinda Gates Foundation Chairman Bill Gates speaks during 2019 New Economy Forum at China Center for International Economic Exchanges (CCIEE) on November 21, 2019 in Beijing, China. (Hou Yu/China News Service/VCG via Getty Images / Getty Images)
"The U.S. is politically weaker today, I would say, than it's been and you know, that's scary for the world. The current world system is designed around U.S. leadership," Gates said. "As other countries have gotten richer, these middle-income countries including China and India need to play a stronger role in world governance."
A spokesperson for Gates did not immediately respond to FOX Business.
Bill Gates Sees 'China's rise' as 'Huge Win For the World'
?https://scheerpost.com/2023/02/05/bill-gates-sees-chinas-rise-as-huge-win-for-the-world/
by EDITOR Feb 5, 2023
At a forum in Australia on Monday the 23rd, Microsoft co-founder Bill Gates described China’s rise to a leading global economy as a “huge win for the world.”
According to Forbes, Gates stated:
“I do think the current mentality of the U.S. to China — and which is reciprocated — is kind of a lose-lose mentality…
If you ask U.S. politicians: ‘Hey, would you like the Chinese economy to shrink by 20% or grow by 20%?’ I’m afraid they would vote that ‘Yeah, let’s immiserate those people,’ not understanding that for the global economy, the invention of cancer drugs (and) the solution of climate change, we’re all in this together. We’re humans. We innovate together, and we have to change the modern industrial economy together in a pretty dramatic fashion…
I’m very aligned with (Australia’s former prime minister) Kevin Rudd on this…In the U.S., we’d be in a minority, where people are kind of hawkish. I think that could be self-fulfilling in a very negative way.”
Certainly, Bill Gates, a technocrat, oligarch would utter such. And praise Kevin Rudd. Rudd a favorite of the privileged sections of the petty-bourgeoisie and his self-professed mantle as an “economic conservative” reflects Gates’ mindset. Fits perfectly well with Gates’ sentiments as the uncrowned ruler of the world. It aligns with his notion of ‘world governance’ by an elite, an elect, of which he is a member.
As for China. It’s rise was funded in large part by the computer electronics industry and wasis the offshore shoe factory for the likes of Nike. Plus, Big Bill would like a part of that action as it is a market that dwarfs the USA. China is increasingly powerful economically, while the USA pisses away 100s of billions in the Ukraine, which profits no one except those in weapons manufacture.
“U.S. leadership” is weasel words for “U.S. dominance.”
Empire, in other words. Enforced with a gigantic military used to discipline weak countries and dollar hegemony used to finance a $31 trillion debt.
Americans should be thinking about regime change in Washington.
Not Republicans for Democrats or vice versa, but democracy for fascism.
A U.S. defeat in Ukraine after pouring more than $100 billion into that imperial sinkhole could usher regime change in in Washington very quickly provided Americans start talking now across the phony ideological divide the U.S. oligarchy uses to keep itself in power.
Excellent commentary by Mr., Gates, taking the view of all humanity and the planet rather than Americans only and the USA.
Our sham democracy is controlled by perhaps the top 10% of our population. Our 5% of the world’s population then sets the rules (ordained by only a small % of us) to control all the 4rest of humanity.
The tip of the tail wagging the tail that presumes to wag the dog.
It would be good if powers had found a way to avoid world war – but it seems they haven’t. Avoiding nuclear Armageddon is still the challenge.
Bill Gates rode on Jeffrey Epstein’s Lolita Express many times and knew exactly who Epstein was and who he worked for.
The best contribution the Chinese people can make would be to monetize market gold with the use of market prices in order to measure the gold’s trade value and conduct debt-free transactions where the gold is money.
Actually, any individual can do this but China happens to have quite a large hoard to work with.
Hey shill, too much trouble to use “Michael Grifter” something like that?
As for Rudd, he was the left-most leader of Australia – or any major English speaking country – for a long time. Only Australia got through the 2008 crisis when he was PM, without a recession.
Yeah, but according to the Levy Economics Institute, Obama’s FED gave $29 TRILLION to Wall Street after the casino collapsed. Which is better, avoiding a financial catastrophe or transferring $tens of trillions to the most powerful globalists?
An easy choice for American Establishment politicians. Blame Putin.
What pathetic toadies praise front men for the ruling class like Gates, who from Microsoft monopoly to eugenicist philanthropy has sold us viruses for forced and final solutions of totalitarianism?
Yeah, Bill and how much do you stand to make?