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By Newsweek Editors

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Gee, it appears the hype about China being the next big capitalistic thing is true. Dale Carnegie & Associates has announced plans to open a management-training center in Shanghai. And Simon & Schuster, the publisher of "How to Win Friends and Influence People," will unleash the legendary book on the mainland. Why Dale Carnegie? Why now? "You cannot run an organization with a bullwhip and a chair and expect to have positive results," says Carnegie CEO Stuart R. Levine. "The Chinese government wants to make sure they can compete globally."

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