. >> professor xiao lin is an economist and the current dean of the college of economics and managementy. like so many people you meet here, he's chinese but was educated in american universities and has taught at yale, duke and arizona state. >> so you forgive me, economics are not my area of expertise. i wallow in ignorance. but china looks different every time i come. it's changing so, so, so quickly. how did that happen? >> china enjoy this long period of peace. no serious enemy. no major wars. >> right. >> so the manufacturing industry really took off. internally, it's reform and open-door policy. every country willing to trade with china. >> there's certainly no doubt that at this point we, our destinies are inextricably bound up, we are hopelessly -- our economies are hopelessly intermingled. if one fails, the effect would be disastrous. >> global impact. >> to say the least. >> it's certainly -- >> [ speaking in chinese ] >> beautiful. this is what i was waiting for. >> xiaolongbao, literally small steaming basket buns. but i translate them in my head to pillows of happiness tha