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He can do this stuff that trump thinks he can do, tell companies you can't trade with them. how do you beat them? >> you can organize the major economies that put pressure on china. that's what we were doing at the end of the obama administration. you organize countries in the region to set higher standards and rules for trade that china will be forced to compete with. then you use all the tools at your disposal to hold china to account. >> do you think china can be beaten in this war? this is the 21st century. the way they're going, they will beat us. >> they have a strategy they're executing...

How do you beat them? >> i think you organize all your like-minded companies. europe, canada, japan, major emerging economies to put pressure on china on issues that are out there, including overcapacity. that's what we were doing at the end of the obama administration. you organize the countries in the region to set higher standards and rules for trade that china will be forced to compete with, and you use all the tools at your disposal to hold china for account. >> you think china can be beaten in this war? this is the 21st century. the way they're going, they will beat us. >> i think they h...

In terms of, what, the combined $30 trillion economy is not something for the stock market to worry about. and we're cool here. >> how can you beat the chinese? it's a command economy. a command society. xi is the boss. he can do this stuff that trump thinks he can do. tell american companies they can't trade with china. how do you beat them? >> i think you organize all your like-minded companies. europe, japan, major emerging economies to put pressure on china on issues that are out there, including overcapacity. that's what we were doing at the end of the obama administration. you organize t...

All the things we need, whether it's trade or technology, that's going to affect the american worker. we have to make sure the amer a american worker can succeed. >> are we better than they in innovation? can we win that war? we can't win in population. they outpopulate us. >> we have great universities. >> most of the great universities are here. >> we're a leader in innovation, but they're also catching up quite a bit in a number of areas. according to some, ahead of us in some areas. we shouldn't be complacent about it. we haven't invested in the same way domestically as they have. >> why d...