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In the new world order, market power trumps military might. Can China compete? (www.scmp.com)

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China needs to adapt to a more competitive global environment driven by market power, technological innovation and institutional leverage, according to analysts at a leading Beijing-based think tank. These pillars were more critical than conventional military dominance or strengthening territorial control in the great power rivalry, particularly as Beijing sought to project itself as a stabiliser in an increasingly fractured international order, the analysts added. In an article this week, Fu...

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