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China needs deeper structural reforms: OECD

While its stimulus is working, too much effort is being directed at state-owned firms; more fiscal reforms needed

A worker at a factory producing ceramic insulators in China's northern Hebei province. In the long term, China faces a rise in household debt, lack of innovative patents, an ageing economy and monopolies that prevent funds being channelled into the private sector.


CHINA'S current fiscal policies to support the slowing economy have been effective in avoiding a sharp drop of activity and ensuring fiscal stability, but structural challenges remain, the Organisation for Economic Cooperation and Development (OECD) said in its latest China report...

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