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The book provides a systematic analysis of China's rapid economic growth, focusing on four key factors: exchange rate policy, savings and investment, monetary policy and capital controls, and foreign direct investment (FDI). It explores how, despite incorporating free-market principles, China maintains its identity as a socialist-market economy, highlighting the significant role of government in shaping economic development. This examination sheds light on the complexities of China's ascent as a global economic power.
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The Evolving Role of China in the Global Economy, Yin-Wong Cheung
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- 2012
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