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More importantly, never in the six-decade history of China have interest groups been as powerful as they are now. For example, various players associated with property development have emerged as one of the most powerful special-interest groups, explaining why it took 13 years for China to pass the anti-monopoly law, why the macroeconomic control policy of the last decade was largely ineffective, and why the widely perceived property bubble was allowed to expand.
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China is six decades old?
On-topic, I guess there are a lot of oligarchs.