It gets handed on to the consumer. Same goes with this energy policy. It's going to get handed on to the consumer. So while China's upper middle class is growing, their disposable income is growing. The purchase power parity is already bigger than the American working families. They're not eating our lunch because they're buying our land. They're eating our lunch because we're feeding it to them. Thank you very much. I yield back. (05:24–05:35)
CLAIM
Claims China's upper middle class and purchasing power parity have surpassed those of American working families.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
