China is eating our lunch because they don't partake in all of the rules and regulations that we do.
This is certainly not the first case in which a merger approved in one place hasn't gone through in the other. There was a case last year where the merger between two EU companies was approved here and blocked in the U.S.
All economies are structured differently - the tax systems, the regulatory systems, the federal systems - and that is as true of Australia and the United States as it is of Australia and Germany and the U.K.
China is not I think a country which does not regulate, but there is a difference between the Chinese system and the Indian system.
In 49 countries around the world, including all of Europe, people have the opportunity of knowing whether or not they are eating food which contains genetically engineered ingredients. In the United States, we don't.
I just think it gets confusing for our communities when the federal law is different from the state law.
Every college coach I talk to won't say it on record, but everyone's thinking, 'Should I go to the league?' Because you don't have the same requirements. It's different. The hours are different.
We make a product here in America and - they copy it in China and they couldn't care less about infringement or anything else. We talk about the environmentalists. You know, they all want us to make our plan so that nothing can go into the air. Do you think China's doing that? They laugh at us.
