CHINA

Chinese manufacturers dropped the price of flat solar panels by 75% in two years. We couldn't compete on price with our cylindrical design. The technology worked. The market chose cheaper.

China's EV market has 200 brands fighting for customers. Most will die. The ones that survive will need something more than a good car — they'll need an ecosystem. That's what NIO House, NIO Life, and battery swap build. Not just a car company — a lifestyle.

We entered China knowing we would face the toughest logistics competition on earth. If you can survive there, you can survive anywhere.

We went public in New York. Days later, Beijing removed us from app stores. The lesson: in China, the government is your biggest stakeholder whether you like it or not.

In China, if you are not the number one player in your market within three years, you are dead. Speed is survival.

When China opened its doors in 1979, I was the first one to walk in. Everyone else was still thinking about it.

China's property market needs to go through a painful adjustment. There is no other way.

China's urbanization is not finished. The cities will keep growing. The question is whether you are building for the people who will be there in twenty years.

Evergrande's development is the development of China itself. Where China goes, Evergrande goes.

China's electric vehicle industry will be the largest in the world. Evergrande will be part of that future.

China's urbanization is the greatest economic story of our generation. SHKP will be part of that story.

The next generation of Chinese consumers does not want to copy the West. They want to define their own version of success.

China's urbanization will create demand for quality housing that the market has never seen. We are building for a country that is still becoming.

China was always the prize. As families grew richer, they would want a trusted brand of cooking oil.

There is so little capital that the capital has very little competition for deals.

What will come out of China from an investment return perspective over the next five to ten years will be very, very good.

The entrepreneur ecosystem is still very, very robust.

I would say this is intellectually just shallow and lazy.

A vision for increased shared prosperity is attractive for China, as well as globally.

Blackstone can do without China.

The significant investment opportunities that are correlated to China's middle-class consumption and innovation will be here to stay.

The idea that China is uninvestible is so hyperbolic psychologically, it is not just healthy scepticism but it is cynicism.

Our goal is to cultivate world-class Chinese enterprises and support world-class Chinese entrepreneurs.

China continues to be a compelling market and is poised to lead global innovation. The entrepreneurial spirit and many elements that shaped Silicon Valley are also taking hold here.

China's best companies were not obvious at the start. The job is to see them before they are.

Stay at the table and don't leave. China is worth fighting for.

There are only two big tables for venture capital in the world, China and the United States.

At that time, we had a crystal ball, and the crystal ball was that what had succeeded in the US would probably replicate in China.

What China needs is the rule of law, not rule by law.

China was, more or less, a land of equal pay but unequal access to opportunities. The United States was, more or less, a land of equal opportunities but vastly different pay.