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Unit 1
Why China Works
Exercises
1. Answer the questions on the text:
1) How does the author view the Chinese economy?
It is the most important bright spot in the world economy under the global recession, the only major economy that is likely to show significant growth this year, and the only one that routinely breaks every rule in the economic textbook.
2) According to the author, why can the Chinese economy perform so well?
Because of:
(1) the capacity for state control by the Chinese government.
(2) its rejection of exotic financial innovations that are the melting core of the global c
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