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On the other hand, China has serious problems. State-owned enterprises are haemorrhaging money, throwing more people out of work and contributing to a growing pool of migrancy. Its financial markets are largely untamed, its banks broke and corruption rife. Looming over all of that is an environment straining under the pressures of breakneck economic growth.
These challenges should help allay fears among its Asian neighbours that China will become a bully in the region, said Victor L. L. Chu, Chairman and Chief Executive Officer, First Eastern Investment Group, Hong Kong SAR. China’s new leaders, engineers to the man, will have their hands full coping...
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