, Columnist
China's Better Off Playing by the Rules
Accommodating China shouldn't mean bending the global system.
China's markets aren't open enough yet.
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Chinese officialdom sounded a bit like a jilted girlfriend after confirmation that MSCI had decided -- again -- not to include Chinese domestic shares in its primary emerging-market stock index. One regulatory agency complained that MSCI’s index was “incomplete” without Chinese equities -- in other words, you know you’d be much happier with me.
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