Geostrategic challenge with the rise of china poses for the United States, not just today but in the future. The communist party led people were public of china through unfair trade practices, intellectual property theft, market manipulation and very prominently, in my view, nonreciprocal treatment, not just in the economic round but in many realms i has been a fore in the Global Economy that undercuts the resiliency and strength of the u. S. Economy. China has been one of the worlds fastestgrowing economies averaging close to 10 growth from 19792015. In 2014 china overtook the United States ass the Worlds Largest economy purchasing power parity basis according to the International Monetary fund. I believe that there is a strong eipartisan interest hopefully we will see that today in establishing a longterm economic United States strategy with our allies that focuses on reciprocity, intellectual property theft, and ultimately, from the United States perspective out competing the chines
Good morning. This hearing will now come to order. I am pleased to welcome our distinguished panel of Witnesses Today is the economic and security subcommittee. He focuses on the very important topic that i think has a lot of bipartisan interest in. And that is the economic and geostrategic challenge that the rise of china poses for the United States. Much as today, but in the future. China, communist party, Peoples Republic Party of china. Unfair trade practices, intellectual property theft and market manipulation and very prominently in my view, m nonreciprocal treatment. Not just an economic room but in many realms. It has been a force in the Global Economy that undercuts the resiliency and strength of the u. S. Economy. China has been one of the worlds Fastest Growing economies. Averaging close to 10 percent growth from 1979 to 2016. In 2014, china was the Worlds Largest economy and nursing power bases according to the international monetary. I believe there is a strong bipartisan
Legacy energy source. Senator udall of new mexico and i have an amendment that will close a loophole in federal Energy Policy. I want my colleagues to know, and i think they do, of my long support for renewable and alternative sources of energy and so i agree with the aims of the murkowskimachin murkowskiy bill. The amendment that senator udall and i have introduced is the same as the bipartisan bill we introduced last week. The title of that bill is the fair return for public lands act. Mr. Grassley this bill was introduced 100 years to the date of the mineral leasing act of 1920. This amendment would increase the royalty rates on federal lands from 12. 5 to 18. 75 . Everybody here knows that a royalty is what the oil company will pay to a mineral owner. In this case the mineral owner is the american taxpayer, and that royalty is paid for the right to extract oil and natural gas from the lands of the United States. The legislation modernizes the public lands leasing system and it does
Foundation and Institute Center on civility in democracy. In america today, the very fabric of our nation is being torn apart. We have never felt more divided. And we are too fixated on our differences. Hes black, hes white. He grew up in the city, and hes a farm boy from utah. Hes a democrat, and hes a republican. On paper, we could not be more different. And yet we are both dads. We both love college basketball. We both have really stylish haircuts. And we are both proud americans. We disagree passionately on lots of issues. But we are friends. And we respect each other. Politics is important. But it should not define us or destroy our relationships. His name is spencer cox. And his name is wes moore. And we approve this message. Please welcome to the stage, chairman of the board of trustees of the Ronald Reagan president ial foundation and institute, mr. Fred ryan. [applause] mr. Ryan good morning. Welcome to the reagan institute. We are delighted today to be joined by governor cox
In America Today the fabric of our nation would never felt more divided. And we are too fixated on our differences. Hes black, hes white. He grew up in the city, and hes a farm boy from utah. Hes a democrat, and hes a republican. On paper, we could not be more different. And yet we are both dads. We both love college basketball. We both have really stylish haircuts. And we are both proud americans. We disagree passionately on lots of issues. But we are friends. And we respect each other. Politics is important. But it should not define us or destroy our relationships. His name is spencer cox. And his name is wes moore. And we approve this message. Please welcome to the stage, chairman of the board of trustees of the Ronald Reagan president ial foundation and institute, mr. Fred ryan. [applause] mr. Ryan good morning. Welcome to the reagan institute. We are delighted today to be joined by governor cox and first lady abby cox. Thank you for joining us this morning. Each year the chair of