[indiscernible conversation] good morning and welcome. I would like to thank our witnesses for their testimony and staff for preparing todays hearing, and thank you to the commissioner, it is an honor to cochair with you today. While this Commission Deals with a variety of issues in the u. S. China relationship, todays hearing focuses on a topic that has rightfully emerged at the forefront of the policy debate in both chambers of congress in recent months, technology. While much remains uncertain about the 20 20s and 20 30s, recent events have made it unmistakably clear that technology will be the indispensable precondition for american prosperity, security, and National Sovereignty in the years ahead. President eisenhower once observed there is only one thing i can tell you about war, and it is this, no war ever shows the characteristics that were expected. It is always different. It has now been 79 years since the world last expense the war between great powers. That is the same amou
[indiscernible conversation] good morning and welcome. I would like to thank our witnesses for their testimony and staff for preparing todays hearing, and thank you to the commissioner, it is an honor to cochair with you today. While this Commission Deals with a variety of issues in the u. S. China relationship, todays hearing focuses on a topic that has rightfully emerged at the forefront of the policy debate in both chambers of congress in recent months, technology. While much remains uncertain about the 20 20s and 20 30s, recent events have made it unmistakably clear that technology will be the indispensable precondition for american prosperity, security, and National Sovereignty in the years ahead. President eisenhower once observed there is only one thing i can tell you about war, and it is this, no war ever shows the characteristics that were expected. It is always different. It has now been 79 years since the world last expense the war between great powers. That is the same amou
[indiscernible conversation] good morning and welcome. I would like to thank our witnesses for their testimony and staff for preparing todays hearing, and thank you to the commissioner, it is an honor to cochair with you today. While this Commission Deals with a variety of issues in the u. S. China relationship, todays hearing focuses on a topic that has rightfully emerged at the forefront of the policy debate in both chambers of congress in recent months, technology. While much remains uncertain about the 20 20s and 20 30s, recent events have made it unmistakably clear that technology will be the indispensable precondition for american prosperity, security, and National Sovereignty in the years ahead. President eisenhower once observed there is only one thing i can tell you about war, and it is this, no war ever shows the characteristics that were expected. It is always different. It has now been 79 years since the world last expense the war between great powers. That is the same amou
[indiscernible conversation] good morning and welcome. I would like to thank our witnesses for their testimony and staff for preparing todays hearing, and thank you to the commissioner, it is an honor to cochair with you today. While this Commission Deals with a variety of issues in the u. S. China relationship, todays hearing focuses on a topic that has rightfully emerged at the forefront of the policy debate in both chambers of congress in recent months, technology. While much remains uncertain about the 20 20s and 20 30s, recent events have made it unmistakably clear that technology will be the indispensable precondition for american prosperity, security, and National Sovereignty in the years ahead. President eisenhower once observed there is only one thing i can tell you about war, and it is this, no war ever shows the characteristics that were expected. It is always different. It has now been 79 years since the world last expense the war between great powers. That is the same amou
Factors we accept that Economic Cost like in high value pharmaceuticals and the margins will bear out the cost of development but right now for the Industrial Products or products for the ag sector the same costs still exist today but the margins are not there for the products. So it creates an imbalance and were seeing more capital flowing towards medical products with high margins than some of these industrial applications. Dont get me wrong, the cost will come down as technologies increase but the funding cycle we are right now with the markets being like they are impact some other than others. I seem to remember and i could be corrected later but i think senators grassley and ernest had spoken out about amino acids and other Biotech Products produced in china, many of them Food Additives and i think vitamin k and others that are necessary for the strength of our livestock, our food supply. What visibility do you have in that from the commission and what are you doing, is that accur