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China could become a major source of innovation

Updated: Jul 25,2016 4:50 PM     english.gov.cn

China could become a major source of innovation for the global economy, equaling or exceeding America. To my mind, this is an invaluable opportunity for China – and a development to be welcomed in the rest of the world.

-- Edmund S. Phelps, the 2006 Nobel laureate in economics

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