I believe, as the President does, that this will open a new era of freer debate in China over human rights and religious freedom. But, as we have seen in the papers, this will not be quick and easier. And I think, particularly for the business community, we should be under no illusions that economic reforms will come over night. Many business people told me the President's trip was incredibly important to opening up opportunities. But we need to look realistically at China.
China faces major challenges in advancing economic progress beyond the present point.
China's leaders know that, but we disagree on some of the details. But the President made it clear we want to work together, because in a global economy their prosperity affects the well being of Americans, and really the entire world. First, China must put in place a more transparent and predictable legal and regulatory system. This matters a lot to our business people, because when you do business, you need to know what the rules are. You need to know that the rules do not change, and that everyone is playing by them.