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News About The Global Economy
December 06, 2016
Property and credit booms stablise China growth
Beijing (AFP) Oct 19, 2016
Chinese growth stabilised in the third quarter, data showed Wednesday, as ample credit and hot property markets propped up the world's second-largest economy. But while the forecast-beating reading was in line with state targets, it came as experts warned that authorities have relied too much on easy credit, which has in turn increased financial risks. The economy grew 6.7 percent in July-September, officials said, just above the 6.6 percent predicted in an AFP poll. "The general performanc ... read more

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China to allow credit default swaps
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