It's a very important policy statement that clears the air and brings clarity to the issue. I think it will greatly enhance the U.S.-China relationship.

Before a prominent Western presence in China, surly waiters and surly salesclerks were pretty much what you'd expect. Nowadays, the five-star hotels in China are every bit as good as five-star hotels in Hong Kong and Tokyo — which means much better than the U.S.

Is it because there is a genuine shift to coffee as a beverage of choice? Or is it the perception of coffee as something to [show off] if you're looking for a status symbol? Depending on which way that it runs, it's a different kind of a market.

There's a lot of consolidation going on in the banking industry, and there are many different [electronic investing] platforms out there. This deal provides banks with a uniform standard.