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Economist Keyu Jin on her new book, "The New China Playbook"

Sinica Podcast

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The Importance of Local Competition in China

Local officials want to be promoted to the higher run and potentially the central government in China. By helping local, local companies, you build an entire industry, but also a retail and service sector,. Even the real estate that these local officials own are worth more because of these agglomeration effects and multiplier effects.

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