As China fights its way out of the financial downturn, the developed world, primarily the United States and Europe, is still reeling from the recession. Despite the divergence in levels of recovery, there are com- mon lessons that need to be learned. The key point to any recovery will be to strike a balance within the established economic structures, said Cheng Siwei, Dean of the School of Management of the Graduate School of the Chinese Academy of Sciences, at the Global Entrepreneur Summit recently held in Beijing. Edited excerpts follow:

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