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Cut the debt burden? Politics gets in the way

Beijing knows what must be done, but forces stand in the way of change.

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Though China's GDP continues to grow rapidly, the country's debt burden has grown faster still since the 2008-2009 crisis.

New Haven

AS leaders of the Chinese Communist Party assembled at their secretive annual conclave at the Beidaihe seaside resort, one might think that, from an economic perspective, they could relax on the beach with few worries.

Unlike in 2015 and 2016, fears that declining foreign

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