Yes or no to this statement.

China does capitalism better than America.

Well, perception can say a lot.

And in a recent poll, 53% of Americans identified China

as the world's leading financial power.

Guess what?

The US is still number one.

The 53% who say that China is first are wrong.

Or are they simply early?

I'm John Donovan.

Welcome to another debate from Intelligent Squared US.

Our motion is China does capitalism better than America.

We have four superbly qualified debaters, two teams of two

who will argue for this motion and against this motion.

We go in three rounds of debate, then the audience votes

to choose the winner, our debaters.

Each connected in his own way to the China story,

Orville Shell, who heads the center

for US-China relations at the Asia Society.

APPLAUSE

Now, Orville Shell, many hats on your head.

You are a journalist and now an in-house thinker

...