By this analysis, Barack Obama took office committed to good relations with China, and ready to welcome it as a great power in return for China's accepting the global responsibilities that go with that status.

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For emerging markets, the boost to incomes that comes from selling to China is welcome, but there are worries about unwelcome side effects.

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In addition, we welcome China's determination to increase the flexibility of the RMB.

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But, China continues to welcome and encourage foreign investment, and there are many accounting, law firms and other experts that can help navigate the bureaucracy.

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We welcome China's recent decision to do so and look forward to its vigorous implementation.

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China is unlikely to welcome that.

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China meanwhile is on holiday to welcome in the Year of the Snake.

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The Chinese boat captain arrived in China to a government-orchestrated tumultuous patriotic welcome.

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China rolls out the welcome mat on its soil, for example recently inviting Arab leaders to Yinchuan, in northern-central part of the country, for the 3rd China-Arab States Economic and Trade Forum.

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Now, if China says, we want to consult with you about being part of this as well, we welcome that.

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