The bigger question: Is China capitalist or socialist?
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Determining the cause of the dramatic rise of China’s annual GDP per capita to US$14,000 today from less than US$1,000 in 2000 has long been a topic of heated economic and political debate — one that hovered in the background in the past few weeks leading up to Wednesday’s summit meeting between U.S. President Donald Trump and Chinese leader Xi Jinping.
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