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ds so when his home state is having a tough time, when the country is having a tough time, he knows that he’s got to be fighting on behalf of not those who are powerful, but on behalf of those who need help the , let me tell you, when we first took office, amidst the worst economy since the Great Depression, we needed Harry’s fighting spiritbecause we had lost nearly three million jobs during the last six months of month I was sworn in, January 2009, we lost 750,000 jobs in that month following month we lost 600,000 these were all the consequence of a decade of misguided economic policiesa decade of stagnant wages, a decade of declining ines, a decade of spiraling our first mission was to break the momentum of the deepest and most vicious recession since the Great had to stop the freefall and get the economy and jobs growing digging out of this mess required us taking some tough decisions, and sometimes those decisions were not Harry knew they weren’t knew they weren’t they were the right thing to Harry was willing to lead those fights because he knew that we had to change course。to give an impetus to businesses to grow and ’s not some abstract ’ve seen the ’ve seen what we can do to catalyze job growth in the private one of the places we’ve seen it most is in the clean energy sectoran industry that will not only produce jobs of the future but help free America from our dependence on foreign oil in the process, clean up our environment in the process, improve our national security in the let me give you an yesterday, I took a tour of Smith Electric Vehicles in Kansas City, Missouri, on the way is a pany that just hired its 50th worker, it’s on the way to hiring 50 more, and is aiming to produce 500 electric vehicles at that plant alone.(Applause.)And these are spiffylooking mean, they areand they’re used by Fortune 500 panies for distributionPepsiCo, ’re also used for the United States military –electric trucks with a lot ofthey’re very strong, great the reason for their success is their entrepreneurial it’s also partly because of a grant that we’re offering panies that manufacture electric vehicles and the batteries that power of these grants, we’re going to be going from only having 2 percent of the global capacity to make advanced batteries that go in trucks and cars, run on electricitywe’re going to go from 2 percent of advanced battery market share to 40 percent just in the next five yearsjust in the next five years.(Applause.)And that will create thousands of jobs across the countrythousands of jobs across the country, not just this year, not just next year, but for decades to it’s a powerful example of how we can generate jobs and promote robust economic growth here in Nevada and all across the country by incentivizing private sector ’s what we’re working to do with the clean energy manufacturing tax credits that we enacted last year, thanks to Harry’s to Harry’s leadership.(Applause.)Some people know these tax credits by the name 48c, which refers to their section in the tax here’s how these credits said to clean energy panies, if you’re willing to put up 70 percent of the capital for a worthy project, a clean energy project, we’ll put up the remaining 30 put it another way, for every dollar we invest, we leverage two more private sector ’re betting on the ingenuity and talent of American businesses.(Applause.)Now, these manufacturing tax credits are already having an extraordinary solar panel panya solar power pany called Amonix received a roughly $6 million tax credit for a new facility they’re building in the Las Vegas area– a tax credit they were able to match with roughly $12 million in private 39。d like to thank Fudan University39。d like to do is to make some opening ments, and then what I39。m impressed by these signs of China39。m in Beijing to see the majesty of the Forbidden City and the wonder of the Great , this is a nation that enpasses both a rich history and a belief in the promise of the same can be said of the relationship between our two , of course, is a city that has great meaning in the history of the relationship between the United States and was here, 37 years ago, that the Shanghai Communique opened the door to a new chapter of engagement between our governments and among our , America39。and we export to China machinery that helps power your trade could create even more jobs on both sides of the Pacific, while allowing our people to enjoy a better quality of as demand bees more balanced, it can lead to even broader 1979, the political cooperation between the United States and China was rooted largely in our shared rivalry with the Soviet , we have a positive, constructive and prehensive relationship that opens the door to partnership on the key global issues of our timeeconomic recovery and the development of clean energy。m only sorry that I won39。that merce should be open, information freely accessible。and why someone like me, who less than 50 years ago would have had trouble voting in some parts of America, is now able to serve as its that is why America will always speak out for these core principles around the do not seek to impose any system of government on any other nation, but we also don39。our mitment to international law。s extraordinary mitment to science and researcha mitment borne out in everything from the infrastructure you build to the technology you is now the world39。m looking forward to deepening the partnership between the United States and China in this critical area above all, I see China39。s success need not e at the expense of that is why the United States insists we do not seek to contain China39。m absolutely confident that America has no better ambassadors to offer than our young they, just like you, are filled with talent and energy and optimism about the history that is yet to be let this be the next step in the steady pursuit of cooperation that will serve our nations, and the if ther