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Signs of China growth reduce urgency for more stimulus

Government wary excessive interest rate cuts may re-ignite yuan pressure and fresh capital outflows

Stronger-than-anticipated activity indicators for March suggested the economy was gaining momentum as it headed into the second quarter, fuelled partly by a surge of new debt.


CHINA'S leaders sound more confident that the world's second largest economy has arrested a slide in growth to quarter-century lows.

While their policy advisers caution it is still too early to call an end to a cycle of easing that began in 2014, the urgency for doing so is...

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