And let me briefly describe two that both the United States and China face. First, while the market economy creates benefits for the greatest number of people, the rapid changes of a free market economy will dislocate people. There the government has an important role with respect to training and to enabling people to quickly re-enter the economy. That is in the interest of the individual, but also in maximizing the health of the economy. Second, development and economic growth also can harm the natural environment.
Environmental protection is an economic issue as well as a quality of life issue.
Ultimately, damage to the environment is very expensive economically. As I said earlier, we in the United States have an enormous interest in a successful China. As China becomes more integrated into the global economy, and our economies become more closely linked, we need to work together on a wide range of fronts. Having said that, we will have our differences. The United States has a traditional commitment to human rights and liberty that goes back to the founding of the republic.