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Command prestige in the world, theun or china? if you want chinese hejemony, continue the trade polices with china and continue to permit it to snatch our technology. jenna: mike, if the scenario that peter is describing actually takes place and you see china emerge as a superpower in the global economy, what does that mean for our polices when it comes to geo politics, when it comes to our domestic polices, international policy, how does that change our place in the world? >> look, it's clearly harder when people think america is on the decline and china is on the rise, it's harder to get all...

China. is this the new normal for us, that we have to settle for the fact that we may not be number one by a wide margin anymore? >> it's inevitable, and i think peter is right on this, too, certainly within our lifetimes, probably ten, 15 years, china and india will be only 50 percent of the world's gdp, they're going to command more respect with those numbers and if we don't take advantage of what we have in our position right now, they're going to have us even further over a barrel than they do at this point in my mind. jenna: peter, china has been buying our debt for years, they've loed up...

I'm not saying don't be worried about china but approach it in understanding that its problems are going to possibly cause even bigger problems for the rest the world and if it just keeps growing the way it is today. jenna: chals, i want to finish up on the final question and i'm going to ask peter and mike this question, what do you think is key to keeping the u.s. economy in the number one spot? >> education. i really believe we have fallen so far behind in education, we have the permanent underclass of workers who used to be proud workers but they worked with their hands, their machines and...

Institute and charles payne, ceo of wall street strategies and fox business contributor, thank you all, gentlemen, for joining us. >> notices to be with you. >> peter, you say it's not going to be 20 years, it's going to be ten. why do you believe that? >> if the u.s. economy grows at 2 percent a cheer and -- a year and andra's economy gross at ten, can can -- it can be closed during that time. it's undervalued, it's more like 8 trillion, ours is 14.5. it's easy to do in ten years. jenna: in the short term, though, it's really not a big concern of ours? china, as far as overtaking us, because ...

Numbers, it's about how people live and the quality of life and i don't see too many people going to china, their coming to japan to work. i don't think we have to worry as much. plus as much as china's economy grows, american companies are exporting more there. so there are two sides to the story. jenna: to worry or not to worry, charles, what camp are you in when it comes to china's growth here? >> i'm in a camp that says if they're growing like this, to peter's point, i think we should be taking the greater -- we should be getting more out of it as america. the idea that we should have free...