As more academics earn degrees abroad and go back to posts in China, informal networks are created that help outsiders check on the quality of applicants.

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If you look at a comparison of price-to-earnings in China to those in emerging markets, you have to go back to 2006 to find that ratio as low as it is today.

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Operating in a country with a history of thousands of years -- and ways of doing business that go back as far -- it is valuable to develop insight into China's business culture and social etiquette to avoid misunderstandings that could scuttle deals and harm working relationships.

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One thing that I was relieved to discover when I reached the end of the book was that, while I certainly gained new insights into many specific issues from reading it, nothing I came across in Awakening Giants caused me to wish I could go back and alter fundamentally anything about my own brief treatment of China-India comparisons in China in the 21st Century.

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