But is the Chinese system falling apart at the seams as charlatans like Gordon Chang and James Chanos would have us believe?
But why does Europe need its own "sat nav" system when the rest of the world uses GPS or an equivalent Russian or planned Chinese system?
BBC: NEWS | UK | UK Politics | Galileo: Star project or black hole?
Of course, there's nothing really dangerous with Beijing blowing tens of billions on a gargantuan block party, but the need to do so reflects a weakness of the Chinese system.
Tsinghua: Are there fundamental obstacles or things that are detrimental for this kind of growth (establishing these types of dominant global innovators and highly creative companies) in the current Chinese system?
Both objectives are obvious enough, but there are grave doubts as to whether the Chinese system, with its flagrant corruption and gross inequalities at every level, is physically and intellectually capable of such fundamental reforms.
They have, for instance, denied building permits to parents with too many children, and they have refused to register births, which under the Chinese system results in the denial of education and health care for the "illegal" children.
"The Chinese medical system makes money through transplant tourism, " says Nancy Scheper-Hughes of Organs Watch.
Chen certainly knows the Chinese political system the best among those involved in the negotiation.
More controversially, the OECD also called for an overhaul of the Chinese land system.
No one, unfortunately, knows the extent of the problems in the Chinese banking system.
Gere tries to pepper the Chinese legal system with a dash of good old American values.
Insofar as the world depends on China's growth, the state of the Chinese banking system is the world's problem.
This generation still carries the Chinese education system, but its numbers are dwindling.
One nearly inevitable consequence was a rise in nonperforming loans sharp enough to threaten the viability of the Chinese banking system.
It confirmed what many Chinese scientists said among themselves: the Chinese science system was riddled with plagiarism, falsified data, and conflicts of interest.
Japan began to adapt the Chinese writing system for its own use around 1, 500 years ago, and it is still something of a mixed blessing.
Peking University is one of the great boasts of the Chinese education system - a proud institute with a pedigree that goes back more than 100 years.
First, it offers us no reason to change our understanding of the Chinese legal system as directly subservient to politics when sufficiently powerful politicians choose to get involved.
It also drew attention to holes in the Chinese financial system, where smaller businesses often struggle for funding even as giant state-owned enterprises enjoy cheap credit from China's biggest banks.
In the 1990s, the Chinese banking system basically collapsed.
Nobody I know, Chinese or foreign, with the remotest knowledge of the Chinese legal system thinks that anything of importance will be decided as a result of what went on at the Gu trial.
The school beefed up its recruiting effort in China three years ago, said Dean Mark Zupan, after recognizing that the Chinese education system's focus on quantitative skills would provide a good grounding for students in its finance-heavy programs.
Thus what you will have will be a strange alternate international banking system with Chinese characteristics.
Home Secretary Theresa May has expressed concerns about relaxing the visa system for Chinese tourists.
BBC: Vince Cable: UK borders must be open to genuine investors
Because China lacks an impartial judicial system, Chinese companies are often at a loss as to whom they can trust when dealing with new customers or suppliers.
ECONOMIST: Chinese financial scandals: When it matters | The
After all, it is the Chinese political and ideological system's lack of respect for each individual life that has deeply ingrained this fear in the minds of the Chinese people...
China is working with software firm Canonical on an open-source operating system customised for Chinese users.
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