The Great transition

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<abstract>China's rapid growth, expanding openness, developing consumer market, and large, low-cost, and increasingly well-trained labor force are making it a global focal point for foreign direct investment. Firms that take advantage of what China offers should reduce their costs and expand their sales in ways that provide advantage not only in China but also regionally and globally.</abstract>
<note type="statement of responsibility">By Kenneth Lieberthal and Geoffrey Lieberthal</note>
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