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“It’s a sneak peak into the way the Communist Party works. Clearly the Chinese government has succeeded in providing a policy environment that incentivises people to do things – to work hard, to make money – without it necessarily being democratic. Like it or not, they have a rule of law, they have some transparency – certainly enough that foreigners are happy to invest there. It’s not a model of democracy or transparency as we know it in the West, but it’s clearly a good enough system that people feel they want to invest their money there.” Read more...
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