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How to Determine the Critical Difference Between ‘Markets’ and ‘Reforms’ in China

Chief executives may be forgiven for being confused about what is happening between the U.S. and Chinese governments when it comes to use of the terms "markets" and "reforms." As a recent article in the Wall Street Journal suggests, President Obama's administration is expecting that Chinese President Xi Jinping will make commitments to more market-oriented reforms when he visits Washington this month.

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