The strategy was to take a global perspective to growth investing, focusing on the U.S. and China, recognizing the growing impact of China.

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Underwriters raced to get China Life ready, recognizing the feverish demand for shares in promising Chinese concerns.

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U.S. retailers soon caught on, recognizing the many benefits of purchasing from China.

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So where China is playing by those rules, recognizing its new role, I think this is a win-win situation.

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Recognizing that SMEs are the main drivers in any economy, though, China has begun to reform its banking sector, starting with the Wenzhou reforms announced in April, in order to provide them greater access to capital.

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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.

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