From the time that European sailing ships first entered its harbors, China has been an enigmatic land of contrasts to the West. The People’s Republic of China (PRC) is hardly that, but it is a country with a thriving free-market — that still prints the portrait of communist government founder Mao Zedong on its money; that is ruled by one of the world’s last communist regimes, but which presides over the world’s second largest economy, fueled by a mostly entrepreneurial manufacturing ...

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