He said that Alibaba's presence at SXSW also has helped the world get to know Alibaba better. "A lot of them were surprised to find out Alibaba has such a large-scale design scope with AI technology," he said.
He recalls tens of thousands of residents taking weeks to build a 100-meter-long cofferdam with straw, earth and stones, to guard against torrential water.
He said food shortages became a thing of the past for the family in 1980, when the commune started to let each family keep the grain they grew on the pieces of farmland they took care of.
He said prevention of financial risks from the property market should be put higher on the agenda and real estate bubbles should be resolved to prevent emerging risks.
He said that according to the United Nations Conference on Trade and Development's 2018 World Investment Report, global flows of FDI declined by 23 percent to .43 trillion in 2017, and major countries didn’t achieve ideal FDI results in the first quarter of this year as well.
He reiterated that the SAR government will strictly safeguard the rights of Hong Kong residents, and the city’s rule of law.
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He said that improved access to British services in China will be a "key means for facilitating China's economic transformation".
He pointed to his strength with working-class Democrats and voters of color, who are bearing the brunt of the coronavirus pandemic.
He said that in past decades, the US and China successfully leveraged their differences in a complementary way: "First by outsourcing manufacturing to China at a lower cost, and most recently by the rise of the Chinese market and the incredible impact that's had on firms such as General Motors and Apple. So in the past 40 years, the differences really have been a source of economic strength for both sides; it's been a win-win."
He said China is the world's fastest-growing and biggest EV market, but at the same time "it's short of global players and companies producing products that can compete with the best premium players in the world".