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China sees 7% growth floor with reforms

That's lowest deemed necessary to stop unemployment from rising

SLOWING ECONOMY: Chinese exporters are struggling, the factory sector contracting, and the services sector is losing momentum.


CHINESE authorities will cut interest rates, increase liquidity and tolerate some currency weakness to ensure the economy grows around 7 per cent this year, as they try to head off deflation and keep employment strong enough to push on with reforms, policy insiders say.