The Chinese flag was flying over the New York Stock Exchange in late September as a grinning, elflike former English teacher watched his ecommerce company smash the record for the world’s largest ever initial public offering.
Alibaba’s $25bn share sale made Jack Ma the richest man in China, but it also provided the kind of moment that symbolises historic shifts in the global landscape.
From outside, China’s rising economic and political power appears unstoppable and relentless.
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