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China willing to sacrifice growth to manage risks
Published Thu, Jul 27, 2017 · 09:50 PM
Beijing
A SENIOR Chinese economic official on Thursday indicated that policymakers would be willing to sacrifice some short-term economic growth in order to deal with systemic risks.
Beijing is trying to contain rising debt and defuse property bubbles amid fears such risks could derail the world's second-largest economy if not handled well, but policymakers will be treading warily ahead of a key party meeting later this year.
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