Paraphrasing Mao Zedong, he urged Chinese business people to shed their illusions and prepare for struggle. China is the rising power. The United States is the aging hegemon, and China's rise will be sustained. Quote, at this time, The socialist road with Chinese characteristics is obviously more competitive than the US Economic system. he declared. Such confidence are not just his words. They emanate from the very top. Just after gaining power, their current president, apparently for life, Xi Jinping, told the party, quote, this is a quote. (04:38–04:45)
CLAIM
Asserts that China's economic system is more competitive than the U.S. system.
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.
