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This article explains how China transformed from a largely poor, agrarian nation into one of the world’s leading economic powers. It highlights key reforms, industrial growth, government policies, and global trade strategies that contributed to its rapid development in recent decades.
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00:00You can't use China because they're an outlier.
00:02They have very clearly built performance into the system of government.
00:06That's why today you drive a VAL and you use a Huawei and all the rest of these things,
00:10and they'll go, yes, those are all companies funded by the Chinese government.
00:13Yes, that understands capital markets and funding and profitability,
00:17and they hired the best people for the jobs.
00:19They didn't take their friends and say,
00:21well, you can have that tender to go do the watering thing.
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