corruption in china is famously high, at least according to ranking like the one from transparency international. But yu and yu and ong says it's not so straightforward. She argues corruption didn't just evaporate in the us. Instead, it evolved in structure and form and became more sophisticated. We should understand the relationship between china and the us as a clash of two gilded ages. The new tycoons are in the technology sector. The old industries are being faced out.

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