A few years ago, Chinese innovation meant copycats and counterfeits while ____________________ . I. last year China led the world in ?nancial-technology investments and is closing on America, the global pacesetter, in other sectors. II. this allows agile newcomers with business models that put the customer ?rst, to jump ahead of incumbents more easily in China than their counterparts in developed markets, the quality is still shoddy. III. around $77bn of venture-capital (VC) investment poured into Chinese ?rms from 2014 to 2016, up from $12bn between 2011 and 2013.

A few years ago, Chinese innovation meant copycats and counterfeits wh

1.	A few years ago, Chinese innovation meant copycats and counterfeits while ____________________ . I. last year China led the world in ?nancial-technology investments and is closing on America, the global pacesetter, in other sectors. II. this allows agile newcomers with business models that put the customer ?rst, to jump ahead of incumbents more easily in China than their counterparts in developed markets, the quality is still shoddy. III. around $77bn of venture-capital (VC) investment poured into Chinese ?rms from 2014 to 2016, up from $12bn between 2011 and 2013.
A.	Only I
B.	Only III
C.	Only I and III
D.	Only II and III
E.	All of the above
Answer» D. Only II and III

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