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- The Evolving Role of China in the Global Economy
The Evolving Role of China in the Global Economy
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China is now the world¿s second largest economy and may soon overtake the United States as the world¿s largest. Despite its adoption of some free-market principles, China considers itself a ¿socialist-market economy, ¿ suggesting that the government still plays a major role in the country¿s economic development. This book offers a systematic analysis of four factors in China¿s rapid economic growth: exchange rate policy, savings and investment, monetary policy and capital controls, and foreign direct investment (FDI).
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