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This event is more important than most realize. As we babble and name-call over ideological labels, the world’s largest socialistic economies, having appropriated sizeable chunks of the capitalist playbook, are quietly laying the practical groundwork for the changing of the world order.
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Russia and China on Tuesday signed a long-awaited deal to build an oil [...]

BEIJING: The “tsunami” in the US financial system was touched off by short-sighted monetary policy and lax regulation, a leading Chinese state newsp
aper said on Wednesday. The front-page commentary in the overseas edition of the People’s Daily is the latest in a stream of critical articles that have lashed US policy even as the Chinese [...]