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China flags wider fiscal deficit as the economy cools

The country's economy is pressured by weak global recovery and domestic constraints: finance minister

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'To withstand the downward pressure, we must adopt an appropriately expansionary fiscal policy." - Finance Minister Lou Jiwei

Beijing

CHINA will pursue an expansionary fiscal policy this year to prevent its economy from stalling, Finance Minister Lou Jiwei said on Friday as he assured investors that the authorities are keeping an eye on heavily indebted local governments. Asked how China would manage its rising