China's reliance on old growth drivers keeps slowdown at bay
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Beijing
CHINA'S economy continues to defy expectations for a slowdown, buoyed by strong global demand for its exports and a resilient property market - despite a government pledge to crack down on rising risks.
Beijing's efforts to consolidate and restructure its industrial sector is paying dividends as profits rise, while strong fiscal spending and sustained infrastructure investment have ensured domestic demand stays strong.
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