China is miles ahead of my country in this area, but they have slightly different reasons (quick and mass production of products etc.).

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No country is more important in this regard than China.

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Virtually every country in Asia allowed this long ago (including even China and Cambodia), because domestic telecoms firms that carry calls share in the profits.

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Apple is expanding its market into countries such as China, which offers massive scope for growth. 3G wireless subscribers in this country could reach 230 million by the end of this year, adding millions of new potential iPhone buyers, White said.

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What will move China in this direction is a Schumpeterian regime of creative destruction that will let the country have its own Steve Jobs, Bill Gates, and Mark Zuckerberg, who will discover and exploit new business opportunities, and develop new business enterprises where people work smarter not harder.

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As one Brazilian economist suggested to me, this country's rapid expansion can be explained in one word: China.

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China's State Council, or cabinet, said in a statement this month that the country would draft a plan to allow the yuan to become fully convertible.

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In my frequent visits to China, I am often asked what the country can do to continue this path and become even more innovative.

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This success means that China is the third country to successfully complete a docking maneuver in space, behind the U.S. and Russia.

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