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Bill Gates says ‘the rise of China’ is a ‘huge win for the world’

Microsoft co-founder Bill Gates said China’s rise is a “huge win for the world” during an interview in Australia on Monday.

Gates made the comment during an interview with the Lowy Institute, a think tank based in Sydney, Australia.

“I tend to see China’s rise as a huge win for the world,” Gates said. “I mean, that’s 20% of humanity. They’re now their share of the global economy, and their share of the world’s population is exactly, you know, countries like Australia, the United States, we have a GDP per capita five times that of the Chinese. . So we have a disproportionate share of the global economy.”

His comments about the communist country came in response to a question asking Gates how “optimistic” he was about China.

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Bill Gates IN SCOTLAND

Bill Gates attends the ‘Accelerating Innovation and Deployment of Clean Technologies’ session of the Global Leaders Summit on day three of COP26 on November 02, 2021 in Glasgow, Scotland. (Photo by Jeff J Mitchell – Pool/Getty Images/Getty Images)

“You know, I think the current mentality of the United States towards China and which is reciprocal is a sort of lose-lose mentality, that if you ask American politicians ‘hey, would you like the Chinese economy to contract by 20% or expand by 20%”, I’m afraid they’ll vote “Yeah, let’s impoverish these people”, without understanding that for the global economy, the invention of cancer drugs, the solution to change climate, you know we’re all in this together.”

While painting China’s rise in a positive light, Gates acknowledged that the country is “not a democracy” and that it is “outlier today in terms of level of wealth and still as autocratic than them”.

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Chinese President Xi Jinping

Chinese President Xi Jinping is seen at the end of the 20th Congress of the Communist Party of China on a giant screen at a commercial district in Hangzhou, east China’s Zhejiang Province, Sunday, Oct. 23, 2022. (Chinatopix via AP/AP Newsroom)

During the interview, Gates also said the United States was politically in a weak state, adding that countries like China needed to play a bigger role in global governance.

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Bill Gates

Bill & Melinda Gates Foundation Chairman Bill Gates speaks during the 2019 New Economy Forum at the China Center for International Economic Exchanges (CCIEE) on November 21, 2019 in Beijing, China. (Hou Yu/China News Service/VCG via Getty Images/Getty Images)

“The United States is politically weaker today, I would say, than it has been and you know, it’s scary for the world. The current global system is designed around American leadership,” said Gates. “While other countries have gotten richer, these middle-income countries including China and India must play a bigger role in global governance.”

A Gates spokesperson did not immediately respond to FOX Business.

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