New Kid on the Block
Re your cover story, "Can China Save the World?" [Aug. 10]: Throughout years of turmoil and political instability, the Chinese have often suffered the prejudice and discrimination of Westerners. However, in recent times, China has opened up, transforming an impoverished country into a miracle of history. With a booming economy, a huge population, remarkably high economic growth and with more affluent Chinese willing to spend big bucks on luxury goods, no wonder investors from everywhere are pouring much of their resources into the Chinese market and trying hard to woo many Chinese consumers...
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