Bill Gates admits he is not on the same page as US politicians regarding the rise of China

A large part of Bill Gates’ post-Microsoft (MSFT) – Get a free report life has been running a foundation to promote health and wellness in the parts of the world that need it most.

The Bill and Melinda Gates Foundation was launched in 2000.

“We work together with business, government and nonprofit organizations, with each partner playing a specific role in accelerating progress,” the foundation said. website He says.

“Our mission is to create a world where every person has the opportunity to live a healthy and productive life,” he continues.

Gates often gives talks on world affairs, discusses the foundation’s work and offers opinions on other current events.

Gates talks about China’s growth

Speaking this week at the lowy institute In Sydney, Australia, Gates spoke about the global response to Covid and then touched on some of his thoughts on China’s relatively recent prosperous world economy.

“China went from being incredibly impoverished in 1980, poorer than India. I mean literally hungry, malnourished, to being the richest middle-income country in the world, and it has 1.4 billion people,” Gates said. “It’s amazing, and it’s great for the world.”

Gates then compares China to the US and Australia (where he was speaking) in terms of their relative wealth compared to population.

“Countries like Australia, the US, we have five times the GDP per capita that the Chinese have, so we have a disproportionate share of the world economy.”

There is also some lamentation about the sorry state of China-US relations.

“I think the current US mentality towards China, and that it is reciprocal, is kind of a lose-lose mentality,” he suggested. “What if you ask US politicians, ‘Hey, would you like to see the Chinese economy contract 20% or grow 20%?’ I’m afraid they would vote, ‘Yeah, let’s make those people poorer,’ not understanding that because of the global economy, the invention of cancer drugs, the solution to climate change, you know, we’re all in this together.”

“We are human, we innovate together and we have to change the modern industrial economy together in quite dramatic ways,” Gates added.