China state researcher: Risk of a steep slide in the economy has reduced
|Li Wei, director of the Development Research Center of China’s cabinet, was on the wires earlier on the day, via Reuters, expressing his take on the Chinese economic growth.
Key Points:
Risk of a steep slide in China's economy has reduced
China has moved through an "L-shaped" pattern of slowing
Now in "horizontal" growth ... points to long-term steady development, may be short-term fluctuations
Many positive economic signs emerging domestically & internationally
Economic transformation is incomplete, still difficulties in the economy
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