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STARCTZN

Cit-J and Guilty-Embarrasser
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Member Since: 8/2007Last Seen: 8/15/2007

China goes global

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The epic process of China "going global" has been underway for over a decade, but the events of late July 2007 may well be its defining moment. The stake in Barclays bank purchased by the China Development Bank - one of Beijing's state-owned "policy banks" - is significant in itself, but it also represents a high-profile reversal of the dominant perception of China's international economic role.

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