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no cell phones, no Alibaba and Jack Ma was only around 5 or six years old. // President Nixon reportedly enjoyed his time here at Westlake so much he said Beijing may be China39。s capitol, but Hangzhou is the country39。s heart! My Chinese friends also refer to it as Yu Mi Zhi Xiang (land of plenty)//Celebrating EntrepreneursPresident Nixon39。s visit here was one of the great diplomatic breakthroughs in recent American history. It was a time (before many of you were born) of estrangement, not cooperation between the United States and China. Our relations were largely defined by the hostilities in Korea and Vietnam, and the conflicts between capitalism and munism. // It took visionary leadership on both sides of the Pacific to bring these two countries together and so much of that hard work happened right here in Hangzhou. Predictably, we continued to have our differences, and sometimes we still do. But those meetings, over 40 years ago, marked a signal shift in our relationship, from opposition to, at its best, genuine cooperation and mutual benefit. // But the 197039。s were in many other ways a very difficult time in the United States. The Vietnam War sparked tremendous domestic upheaval. Our economy stalled, we were battered by stagflation, high unemployment and declining living standards. Beloved leaders in America had bee