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Reenergizing the Capitalist System

Constant Proactive Strategies to Seize the Initiative

In its twelfth five-year economic plan, approved in March 2011, China made its growing ambitions clear. The country that is operating the world’s manufacturing hub will now build a design hub as well. Products with labels reading “Made in China” will, in effect, soon read “Designed in China.” China will become an end-to-end supplier to the world. It will do just about everything its trading partners now do—innovate, design, build, and deliver—and do it better.

This is no secret, of course. Nor is it a surprise, given that the twelfth plan has been in the ...

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