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Nobel laureate decodes China's economic success

04:25

Nobel Prize-winning economics professor Eric Maskin has attributed China's world-beating economic success in the past four decades to the performance of its market economy, its unwavering adherence to the opening-up policy, and sophisticated government stewardship. In an interview with China Media Group, Maskin said China's economy has made quantum leaps year by year through reform and opening up, which provides valuable lessons for the rest of the world.

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