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July 26, 2010

The Middle Kingdom's Middle Class

Wellington Chan, Project Syndicate

AP Photo

HONG KONG -- Why has China succeeded so spectacularly in the span of just three decades since the launch of Deng Xiaoping’s economic reforms? The reasons that are usually cited are China’s compelling demographic, geographic, and broad cultural factors. What is less understood is that China’s success has also depended on its entrepreneurs – and their deeply rooted patterns of activity.

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TAGGED: China

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