The 'Beijing Model' bubble

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A man walks through the central business district in Beijing, China on Nov. 29, 2007.

Article Highlights

  • There is nothing new about the “#Beijing Model”

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  • Besides jawboning, there isn't much the US can do to encourage economic reform in China, but there is one thing to try

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  • If Washington decides to compete with #China on who can do crony #capitalism better, we will lose

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