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With its rapidly developing economy, China seems set to challenge the economic dominance of the United States and the other powers within a few decades, and while these nations crave the business opportunities presented by China's development, they also fear growing Chinese competition for market share and critical raw materials such as oil. China is a very rapidly developing economy, and the local trade community expects to see a tremendous increase in the amount of imports and exports there in the future, Stringfield said. We are actively investing in Russia because it is among the countries with a rapidly developing economy," said Inge Thulin, executive vice president, 3M International Operations. |
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