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Chinese economy more sustainable now, says China central bank
Published Wed, Feb 11, 2015 · 09:50 PM
Beijing
CHINA's economy is now more sustainable and domestic consumption is steadily rising, Chinese Central Bank vice governor Yi Gang told a G20 meeting of finance officials earlier this week.
Mr Yi's remarks came after China posted its slowest economic growth in 24 years in 2014, with a cooling housing market, slowing investment and recent underwhelming exports expected to weigh further on domestic demand this year.
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