A long wait for the “Chinese century”

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FT.com / Columnists / China Economic Quarterly:

This column makes the argument that Chinese companies that buy Western firms maybe aren't getting such a good deal (such as the Lenovo transaction for the IBM computer business)

“For all the ballyhoo about “Chinese manufacturing competitiveness,” China's main manufacturing companies are really trading firms that have exploited temporary arbitrage opportunities.”

Please check out my main blog page at www.leanblog.org

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