Bill Gates, Microsoft's co-founder, said that China's rise is a huge win for the world during an interview in Australia on Monday.
Gates made a statement in an interview with the Lowy Institue, a think tank based in Sydney, Australia.
Gates said that China's rise is a huge win for the world. That's 20% of humanity. They match their part of the global economy and their portion of the global population match exactly, you know, countries like Australia, U.S. have GDP five times more than the Chinese. We have a disproportionate share of the world's economy. His comments about the communist country came after a question asked by Gates how bullish he was on China.
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If you ask U.S. politicians hey, if you want the Chinese economy to shrink by 20% or grow by 20%, the invention of cancer drugs, the solution to climate change, you know we're all in this together. Gates said that the U.S. is politically in a weak state, and that countries like China need to play a bigger role in world governance.
I would say that the US is politically weaker today than it was, and you know, that's scary for the world. Gates said the current world system is designed around the 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. A spokesman for Gates didn't immediately respond to FOX Business.