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Going high tech
China is moving up the value chain. One of the best examples: In 2004, the country's largest PC maker, Lenovo, bought IBM's PC division, making it the sector's third largest player.

Chinese executives hope overseas acquisitions like this one will help them move quickly up the learning curve when it comes to issues such as foreign regulatory law and consumer safety standards.

NEXT: The hunt for oil
Last updated October 09 2009: 4:12 PM ET
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