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The world's economic center of gravity is shifting rapidly towards Asia and, in particular, China. Within 15 to 20 years, China's economy will almost certainly overtake that of the U.S. and become the world's largest. Given China's rapidly rising importance, it is critical that policymakers in both government as well as corporate circles have an accurate understanding of where it is coming from, where it is today and where it is headed. Unfortunately, myths about China appear to dominate viewpoints and discussions even in otherwise-well-educated circles.
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