Learn English with President Clinton and Billionaire Jack Ma Talk Show English Subtitles

I think today people worry a lot about

the world about the economy China

economy in the world and I’m a very

optimistic when people start to worry

that that is the opportunity is I worry

about the blood testing and she created

good things and I think great

innovations great company’s always

happening in the tough times the lives

like the music you have a P of it down

you have a lousy shot notes and I like

American movie life life is like a box

of chocolate you never know what you’re

gonna get right so I’m pretty optimistic

the opportunity in the future for

equality is huge because in the in in

the last century the IT is for big

companies the globalization is for big

companies but now with the technology we

can serve those 80% of the companies

that never been served we can serve the

80% of the young people that never

served technology for Internet is so

cheap so easy to use one of the reasons

why we grow in China ecommerce so fast

much faster than the u.s. is because our

infrastructure of Commerce in China was

too bad when it is too bad something

happening goes today we are working on

the rural areas of China I can never

imagine that China but 800 million

people still live in the rural areas of

farmers and they’re about close to 200

million people they are income is less

than one dollar per day and before the

internet it’s impossible for these guys

to reach the PC because it’s so

difficult even people like me I don’t

know how to use in PC but now 80% of the

farmers those people using mobile phones

when have the mobile phones the internet

the data things change it a lot so I’m

excited about the future people always

worry that’s the you know I love the

young kids sitting there and talking

about the dream their hopes because if

they have the hope we have the hope

that’s what I believe and let’s just

take

what you do and I’ve loved every

description I’ve ever heard about how

you serve people and your story about

the bamboo farmers and your wife and her

friends it was fabulous but where’s this

going what are you gonna do what are

your plans to maximize the use that

people in remote rural areas of China

can make of their cell phones besides

ordering your projects how are you going

to get it are you going to get them in

the banking system through cell phones

how well we we never know that we can’t

grow so fast in the past five months we

covered 4,500 villages and these people

not only they they using very

traditional way that take them like two

of we went to the rural area it took

them the farmers two hours to work to

the downtown in in the middle of the

town and buy things but today because

the mobile phone and we deliver we can

deliver things to their home to their

village within 72 hours I remember there

is a well last week I read a very

interesting evening

this is Chan amazing there is a girl she

told me a story

she said her grandfather 92 years old a

birthday and for his life he always

wanted to try one western-style food but

he lived in the rural areas there’s no

such a restaurant food so she said I

tried on the Internet book a restaurant

dinner for Western food delivered to

that village

and they finally immediately find that

one restaurant there are three guys they

took like a three days bus from the from

Shanghai to that village may the italic

spaghetti and be for them for this 92

years old birthday and whole village was

excited everybody’s that’s a WoW you can

order food rest no rest rest of style

food so buy almost everything and also

we’re how

there are a lot of farmers they plunder

love apples great apples but 90% of the

apples route it because there’s nobody

by Allah they normally buy by track you

know if you sell the the apples they

sell whole track and using a traditional

way they can they can sell by whole

basket of the apples but now because of

the internet the sell by one by one each

Apple to sell $1 oh you know 1 MB or -

I’m just for each so the farmers will

see using internet they can buy and sell

and use the mobile phone that change

their lives and I think it’s exciting

and people need examples when they see

well the other my neighbors make made

money through online to selling things

my neighbor may you know buy much

interesting things online people start

to learn and more people started by the

mobile phones we cannot have we cannot

make all the factory the mobile

factories to sell phones to them only

they know the mobile phone really works

helping change their lives they started

by the mobile phones just one more

question and then do you think this will

make the current problems like the

current problem in China less likely

that is if we’ll have more market

information in the market will drive

where the investment goats instead of

the government trying to make judgments

about I better build another housing

development or office development here

there yonder and you wound up with a

bubble well it comes from the bottom up

is it more likely that fewer bad things

will happen yeah you know I think the

last week I was in Seattle discussing

about the China economy I think the you

American people worry too much about the

China economy

well you see every time when you start

to worry about the China China goes

better every time you think China is a

problem you know we’re good you know

we’ll get better but when you ever say

however you have a high expectation show

China China always a problem like

parents of the expectation of the kids

you know at the same but there’s a big

difference between the American

consumption because people say wow you

know the economy is bad so China

consumption will be good low

no totally different you American love

to spend it tomorrow’s money and the

other people’s money maybe oh maybe the

Kudus money we Chinese love to save

money we are probably the largest

country under the deep safe deposit in

the whole world that will people because

we’ve been poor for so many years when

we made money we’re put in the banks

because someday we know that disaster is

coming so we can spend the money so when

the economy’s bad we still have the

money to spend you guys probably don’t

you worry and the second thing that the

China being it marketing China been

focusing on developing for the past two

thirty years China government so strong

on investment so strong on exporting but

they are too weak on the domestic

consumption domestic consumption is not

driven by governments driven by

entrepreneurship driven by the market

not the government so in the past two

years past 20 years government is so

strong now they get a week it’s our

opportunity it’s our show time to see

the market economy entrepreneurship how

we can develop the real consumption you

know I think what if the China developed

the great consumption we have a 300

million middle class in next 15 to 20

years we’re gonna have been a middle

class we need to import a lot so when we

start to import that’s a great it’s

gonna I worry a lot when we export you

know when we export we’ve got a terrible

sky we have a terrible water we

of a terrible environment when we start

import we’ve got to be better so that’s

all the great opportunity guys be happy

about that I’m serious I’m we yourself

don’t work reason the reason some of us

worry about China is we depend on you to

buy our debt however I tried to be more

Chinese when I was president I saved a

lot of money but I just wanted you to

say that because I really believe that I

mean I think you’re absolutely right

that the trend toward greater internal

consumption is I think will remain

unbroken in spite of whatever the

difficulties are in the next few months

I think it’s important not to over react

you can’t break the trend you’ve got to

clean up the land from chemical

contaminants you’ve got to clean up the

air you’re going to do it and a lot of

Chinese will make a lot of money out of

that there’ll be a lot of great new

companies and there’ll be opportunities

to import from other places yep

so can you discuss your theory of what

you’re doing and other things in terms

of whether it advances equal opportunity

and social solidarity tell them what you

think is going to happen and what other

kinds of when your opening remarks you

just said technology is going to be

active in this way in other areas of the

economy what do you think the next big

opportunities are but first they tell

them just in two sentences what you’re

doing because Jack and I know and we

haven’t been clear enough explain it and

explain how you think that advances

social solidarity and equality of

opportunity our work is in the belief

that access to health information is a

basic human right and that lab

information particularly because lab

data drives 70% of clinical decisions

I’m needs to be

Cybil two people before they’re sick so

if you look at the word diagnosed in the

dictionary today it says to determine

the presence of disease from symptoms

which means by definition or determining

that people are sick once a disease has

already progressed and our work is in

being able to make lab testing

accessible to people in time for therapy

to be effected and to do that in a way

in which every person irrespective of

their insurance status irrespective of

where they live can afford the ability

to get a test done so that means in our

case we’ve invested the last 12 years in

now developing hundreds of tests many of

which are less than ten dollars so in

two dollar tests in the United States

and I think one of the amazing things

about this country is that we have such

an incredible ecosystem for fueling

creativity and that creativity can

create new markets so an answer to your

question about the market being able to

conform itself to social good I think

the creativity that goes into creating

news new technologies creates new

markets in and of themselves and and our

basic belief that is that those new

markets come from empowering individuals

and in franchising individuals and

trusting that individuals have the

capability to engage with information

and in accessing that information

beginning to take control of their own

outcomes and their own health outcomes

and in doing so changing the way our

health care system works think what this

could mean for rural China you know for

rural India for Native American

reservations in America for the

Mississippi Delta for the remote areas

of where all the jobs were lost from

cold you’re all of a sudden giving

people information and one of the most

important things I think we did in my

second term as president and health

front was developed as diabetes self

care program and all of a sudden you

could be Jack’s company could be

delivering the means to self care based

on your test I mean I think that this is

really this is a very big deal we all

want to live as long and as well as we

can and Gregg Benner was here we were

joking about whether we’d make it to a

hundred but in the meanwhile you want to

keep people healthy and if they’re sick

you want to intervene early not late

yeah well and if you look at I mean the

ability to engage with this information

we have a four trillion dollar health

care problem in this country 20% of it

is type 2 diabetes which is reversible

and we have 90 million Americans who do

not know they are pre-diabetic but

access to information and the ability to

engage with that information is the

foundation for being able to change

those outcomes and and cost right one

more factor than I want to call it Jack

you founded this company twelve years

ago right tell them how old they were I

was 19

[Applause]

don’t worry about the future we’re in

good hands okay I always think of a 19-1

at where I am 90 I’ve not the past

examination for university yet

I failed of three times but I think it

worked out I’m not a good at schooling

well yeah that’s why I give confidence

to a lot of young people in China if

jack mccann success can be successful

80% of the people can be successful

people like her jealous

well equality I I would like to make a

little bit cut technology helping

because yesterday I was joining the

United UN Women conference about gender

equality and I think the first a

technology revolution happened 200 years

ago in the UK released the human body

they’re armed stronger the second

technology revolution in the USA for

energy you can last long but this

technology of revolution relief release

the brain so this century is not a

competition who is strong whose muscles

are stronger this who is a smarter who

is soft who can listen you it’s the

challenge of a wisdom so men women equal

on the Internet you can never see he’s a

woman of man and on the internet women

can serve much better than men on the

internet and a man talking about a

business talking about you know numbers

competition to make business very cold

women they make business very cozy

lifestyle and interesting 50% more than

50% of our shop owners wanna half five

million shop owners are women and people

looked at me this is this is a great

thing I see that this century we see

more and more women leaders on the state

leaders and a presidents I mean in the

future we’re gonna general sector of

your nation shall be one a leader and

this is the greatest century for

equality and I feel excited about that

when they ask you we were almost out of

time but I one of the things that we

haven’t talked enough about here

not just here but generally it’s whether

the leap frogging we saw with cell

phones which was instrumental in your

phenomenal business success and which

will make it possible for you at the

appropriate time to do what you’ve done

on a global scale in the to unimaginable

and all of human history for anybody to

have any of their own health Devitt we

haven’t we’ve seen examples but not the

kind of dramatic penetration we need

with energy and clean energy and enough

and in short enough time to avoid the

worst consequences of climate change so

do you believe that I mean your country

has done more than anybody else to try

to put up solar panels and some of your

companies went broke because you overdid

it right but beforehand and you got to

work out the face out of the coal the

phase-in of the Sun and all that

meanwhile Africa which is growing like

crazy because of the cellphone in no

small measure and as six of the

fastest-growing countries in the world

still has vast swathes of its land

totally dark at night do you believe

that it’s possible for us to scale up

with distributed solar power is rather

than centralized as quick as we did with

a cell phone and if so and if that were

your business if you had to quit what

you’re doing today and start there how

would you do it and how would you do it

they first I know that yeah I’m I’m such

a huge believer in technology and I

think especially right now we’re at an

incredible time in terms of new

technology and the ability to apply

technology in a scalable way towards

solving some of these problems so I

would look at it in the context of some

of the renewable solutions that we

already have and in the context of

empowering connecting individuals with

access to those solutions and in the

context of creating markets around them

I think that there’s real opportunity to

actually create an ecosystem in which

people can financially benefit from

these solutions and I think that’s gonna

drive an adoption I think in developing

economies there’s a revenue stream

associated with that and the more we can

turn even already some of the

technologies that we have into markets

the more that we can fuel I believe

local growth and individual engagement

in in beginning to adopt some of these

solutions just related and they would

Jack you answer and then I’ll ask you

one final question yeah I I’m a strong

believer that technology can make war

much better because people say China

economy is getting slower I’m happy

about a 7% even 5% even 5% of the GDP of

the number of China of the second large

economy is big enough but you don’t

expect China keep on growing 11% because

like one body one human body when you

have 1.8 meters tall you cannot keep on

like a 10 percent growth every year you

have to grow the quality your mind the

wisdom so I think China needs new

technology to solve these problems and

which today the data the the clean

technology all these things that China

is supposed to do if we keep on the

tradition that the other ways we’re

gonna know where this is why I’ve you

excited because people ask me what is

your dream now because I never thought I

would be today I can sit here talking to

president I’m like a guy you know on the

street and like filled of three times

for university five times for high key

schools I applied for 10 times in

Harvard School or rejected

I never thought because of the

technology because the Internet give me

this opportunity so I think when I

retire I don’t want the Chinese people

have a terrible water to drink and it’s

safe for food as people the money we

make or spend in the hospital

that’s disaster so how we can using the

technology to enable young people the

greater chance of this road don’t worry

about

we got 1.4 billion people who were born

in 1980s they are the people of the

internet times they are going to have

new ways to solve the world problems the

things you are worried about today they

can solve it and a human being have

these kind of worries for centuries and

young people can always solve it and

today when you have a right direction

clean energy you know the climate change

all these issues they will be solved and

these are the great opportunities ahead

of us anything else

I agree with that I think the more the

more we can the more we can enfranchise

people the more we can create ecosystems

in which individuals are empowered the

more we give rights to individuals to be

able to build businesses to be able to

to pursue the economic benefit of

technologies the more you see these

markets change before they leave the

stage I want you to look at them and I

want you to think about the time we have

had to spend here dealing with the

refugee problems in Syria and Lebanon

stand up Elias

this is my friend Elias Musab he’s the

education minister in Lebanon he’s got

to educate all these kids

and so he left a miracle that very much

reflects the lives that Elizabeth and

Jack have lived he was in a very

responsible position at the American

University of Dubai they started

bringing American scholars over there to

live in an Arabic culture he did all

these wonderful things

Lebanon got in trouble he went home to

save his country what is the difference

how much more could he had every smart

Lebanese person - if they could focus on

these things and why can he not because

the place is dominated by people who

think their differences are more

important than their common humanity and

our common challenges you cannot imagine

[Applause]

Jack miles proud of being Chinese I like

that

he’d never hit it easy so happy about it

I’m a product to be a global citizen -

yeah and I imagine Lizabeth sprout to be

a blond-haired blue-eyed American techno

Wiz in Northern California yes but they

don’t not a word either one of them is

said has defined the meaning of their

lives or the direction of their work

with negative reference to someone else

my friend Dikembe Mutombo stand up no

you don’t have to stand up it’ll hurts

too much

you’re an old man my seven foot - its

fall friend was just inducted into the

National Basketball Association Hall of

Fame and

the my family my whole family loves him

and I have seen how much he has given

back to his native country Congo which

has been so troubled I’ve known him a

long time we both went to Georgetown

University I did before he was born I

think I’ve never heard him say a

resentful thing about anybody I have

seen him give and give and give and try

to give the people in his native land

opportunities why am I telling you this

he’s had a good life because he never

defined his life with negative reference

to anybody else

he never begrudge anybody else’s success

and he thought he had an obligation to

help other people I’m telling you this

is the we are back in a time of

collective global insecurity where the

main struggle is the oldest one in human

history just in modern techno realities

I mean if you were trying to build the

Middle East you would think about our

permanent sponsor here the Ambassador

from Oman who tried to her government

tried to help head off a calamitous war

in the Middle East over the nuclear

issue in Iran we all pray to God that

it’ll work out on life and the least you

make you look around all these places

wherever people are putting aside their

differences and working together good

things are happening we cannot achieve

economic or social equality without

living in the factional realities of the

world we face looking at the obstacles

looking at the opportunities making the

best decisions and those of us who even

feel good about ourselves because we

think we spend a lot of time giving our

whole goal should be to work our cell

out of a job one of the things that the

bill and tani Austin are sitting there

with Starkey they started giving away

hearing aids and then they decided well

we better teach these young people how

to speak if I get the gift of hearing

they’ll have to learn that so they got

into the education business sunny Varkey

got into the education business decided

somebody ought to do something really

dramatic to remind people that the only

people that really matter the teachers

so he gave the first global Teacher of

the Year award last year and an

international panel gave the prize to a

teacher from Maine who promptly gave the

entire million dollars to her school

loved it never made any money in their

life she gave all the money away

immediately the future is going to be

forged by people who think of how to use

the modern tools that we are given as

Elizabeth and Jack have to create

opportunity through empowerment and it

will not be a straight line it’s too too

many moving parts and but I just want

you to think about that the reason you

feel good looking at them and that you

identify with them even though they’re

different from you and that’s basically

where we are all over again and we can’t

slip back we can’t give up that’s why we

had the Prime Minister of Italy and

George Soros talking about the future of

Europe and George said it was coming

apart and the Prime Minister said no it

doesn’t have to come apart if it’s about

something more than economics I thought

it doesn’t have to come apart if you

will it not - and you put yourself on

the line for it there are no guaranteed

outcomes today but you can guarantee

that the trend is right so go ahead and

we’re gonna say something weren’t yeah I

just wanted to add I mean if we’re

talking about the future and and from my

own experience and looking at all the

faces here I think a huge part of the

answer to your question is also to raise

our little girls with the stereotype

that they can be the best in and

in science and math because when they do

in all of these industries it changes

everything

and we need to do that in this country

and we need to do that as parents in

other countries yeah I was thinking

about if what you say I think about when

you want when you talk about problems

anomalies like a politician we talk

about opportunity the opportunities that

the businesspeople I was thinking about

how we can using you know this all the

problems that change the problem to come

the opportunity and I don’t know I just

a feel excited when people talk about

problems

I think that’s think about if you can

solve one of them that’s the chance and

today nobody in live in this century has

so many opportunities and so many tools

that can use to change other people’s

life and I think in in the last century

which are called IT time this century is

called a DT time data technology IT is

to empower yourself make yourself strong

DT is to empower the others when you

empower the others you empower your

future yourself so when I listen to talk

I agree and I think that’s why we were

born in this century that’s why we how

we can use the internet helping more

people it’s given my hand thank you

[Applause]

[Music]