What it is is the exporting of Chinese overcapacity and Chinese deflation and basic industrial goods. And so China has. And from the Chinese point of view, it's been quite brilliant. They've essentially taken 350 million of their people from kind of working poverty to middle class, and 400 million people from abject poverty to working poverty. So essentially two thirds of their population, because their population, I really think, is closer to 1.3 or 1.4 billion than what they say in 1.1. (05:14–05:25)
CLAIM
Asserts that China has significantly improved the economic status of its population.
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