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Wharton is helping China embrace complexity and take the next logical step in economic development.
The Year of the Dragon seems destined to be an inflection point in the dramatic history of China’s economic development. Yes, there is the familiar question: Is this the year that China’s extended period of remarkable economic growth will finally be supplanted by a slower rate? But there is another transition underway as China’s position as the world’s low-cost producer is steadily challenged by increases in wages and other costs.
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