"If it was as easy to do business in China as it is in Singapore, perhaps we'd see other main players setting up there, " he says.

WSJ: Western Business Schools Head to China

So what -- where do we stand as far as China is concerned in the future?

WHITEHOUSE: Press Briefings

We'll have to invest right across the board in educational opportunity so that we do not fall behind China, or India, as well as falling behind the rest of Europe.

BBC: EDUCATION

We now export more than three times as much to Latin America as we do to China, and our exports to the region will soon support more than two million jobs here in the United States.

WHITEHOUSE: Weekly Address: American Jobs Through Exports to Latin America | The White House