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Terence Corcoran: Trump versus Xi — Who is the most or least capitalist?

The bigger question: Is China capitalist or socialist?

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Determining the cause of the dramatic rise of China’s annual GDP per capita to US$14,000 today from less than US$1,000 in 2000 has long been a topic of heated economic and political debate — one that hovered in the background in the past few weeks leading up to Wednesday’s summit meeting between U.S. President Donald Trump and Chinese leader Xi Jinping.

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One could reduce the issue down to the question: Which of the two leaders is the most or least capitalist? If it had been Ronald Reagan meeting Xi, the answer would have been clear cut. Between Trump and Xi, it looks to be more of a........

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