Long important as a manufacturing base, China has become a crucial consumer market for Apple as well.
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"Chinese people have a bit more money now and China has become a powerful country, " he tells me.
At the same time, China has become a major buyer of liquefied natural gas from Australia, Malaysia and Qatar.
The newspaper's Overseas Edition claims further that China has become a country with significant contribution to the wider world.
And with growing popularity of online shopping in the country, China has become a key market for e-commerce with internet firms.
At the same time, China has become a far bigger donor.
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"Their narrative says that the Chinese people have suffered persecution for the past century, and it's only now that China has become a global player capable of holding this great event, " Li says.
Given the extraordinary share of foreign trade in its overall economy (as high as up to 65 percent of its gross domestic product), China has become a champion of free trade and strong opponent to protectionism.
The answer is that Bill Clinton is expected to activate the 1985 Nuclear Cooperation Agreement with China -- an agreement that requires a presidential certification that the People's Republic of China has become a responsible member of the non-proliferation community.
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The fifth generation military leaders are the first to have come out of the military modernization process, and to have had their careers shaped by the priorities of a China that has become a global economic power.
The next big game in China has already become a hit around the rest of the world.
But as it unfolds, China has already become a middle income nation, according to World Bank standards.
But as Western video sites like YouTube, Dailymotion and Veoh have cracked down on copyright infringing videos, China has also become a major piracy destination on the Web.
China bashing has become a bipartisan sport this election season.
Beijing-based Bank of China has become increasingly active as a lender to U.S. property developers since late 2009, joining scores of well-capitalized Chinese investors who have helped fuel a commercial real-estate recovery in U.S. cities.
But with EU again on the brink of financial disaster, according to a recent World Bank report, and the U.S. job market still lackluster, calling out China on trade matters has become a favorite policy initiative for politicians.
Harvard professor Joseph Nye has a more detailed analysis about whether China will become a contender with the United States.
The demand has been fuelled by China's stellar growth, as it has become a major producer of the mobile phones and cheap T-shirts we use daily.
With costs rising in China, manufacturing in America has become a good bet.
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The international financial crisis has become a kind of induction ceremony for China as a world power, which will go through another ritual when Timothy Geithner, America's treasury secretary, pays tribute in Beijing next month.
Meanwhile, China Life's Chairman Yang Chao says it also has plans to become a financial holding company and has been buying stakes in a number of China's banks and other financial institutions to further that aim (See story "Ready to Deal").
How has China's ruling party become a seemingly durable authoritarian regime?
Compared to US carriers, Chinese carriers charge much less for SMS messages, but the volume in China is so high that it has become a major revenue source.
Ruili, the main border-crossing between northern Myanmar and China's province of Yunnan, has become a seedy boomtown.
If it pulls it off, it may yet become what China has long coveted: a global consumer brand.
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