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China's Economy Prospered So Much Despite High Levels of Corruption?
Why has china's economy prospered so much despite such high levels of corruption? The short answer is that it has to do with the type of corruption that came to dominate in the economy, grove damaging forms of corruption wer effectively contained over time. If you are talking about extortion and embezzlement, that could never be good for any economic activity. But if you're talking about influence paddling, well, you know, it might actually be really good for business.