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China has been particularly lucky in the 21st century.
When George W. Bush tried to focus on Beijing as a competitor, the events of September 11 changed his course; China joined the World Trade Organization three months later and achieved 10 years of rapid growth.
When Barack Obama was planning his “pivot†to the Asia-Pacific, the subprime mortgage crisis hit, and the ratio between China’s gross domestic product and that of the United States increased from 25 per cent in 2007 to 35 per cent…
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