In particular, if another Bush government moves on to Iran, then oil prices would go very high and really threaten China's economic development.

Andy Xie
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Submitted by: TheQuoted

The policy is still very defensive. The government doesn't know what's going to replace the economic activity that is being moved to China.

Andy Xie
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Submitted by: TheQuoted

Government officials are still learning to trust the market mechanism. They are containing inflation, but you're building up more and more distortions in the economy.

Andy Xie
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Submitted by: TheQuoted

China's education system is a no man's land. Schools have too much autonomy, they receive government funding, but they are not monitored.

Andy Xie
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Submitted by: TheQuoted