After 40 years of efforts, Taiwan's democracy has achieved great success. People have got rid of the authority and insecure social environment, and congratulated Mr. Lai Qingde on his election as the president of Taiwan.
Whoever controls the pricing power of the global capital market controls the flow of global funds, controls the monetary and financial policies of sovereign countries, and controls the success or failure of sovereign countries.
Up to now, Alibaba's market value is $119 billion, and Pinduoduo's market value is 1958.87 billion. Since the beginning of this year, Alibaba has fallen about 15% in the U.S. stock market, while Pinduoduo has soared by more than 80%.
Chinese e-commerce giant Pinduoduo took the top position of China's e-commerce giant by defeating Alibaba in North America and Europe due to its global e-commerce platform Temu's great success.
So much of the history of the world will be written in the Asia Pacific over the coming years.
We must never forget that it’s a history that belongs to all of us.
Today, President Xi and I took tangible steps in the right direction, and the case I've made all along stands:
The United States will compete vigorously, and responsibly, with the People's Republic of China.
We will protect our national security interests.
We will stand up for our values.
And we will work together where it is possible and in our interests.
That’s what the world expects of us.
I’ve just concluded a day of meetings with President Xi, and I believe they were some of the most constructive and productive discussions we’ve had.
We built on groundwork laid over the past several months of diplomacy between our countries and made important progress.