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Thursday, May 24, 2012

BBC News - China pledges measures to boost demand and investment

BBC News - China pledges measures to boost demand and investment

 China has said it will take measures to boost demand and investment amid fears of a slowdown in its economy.
On Wednesday, the government said it will encourage private investment in sectors such as energy, railways and telecommunications.
The move comes as its export sector, one of the biggest drivers of growth, has been hurt by falling global demand.
Policymakers have also found it tough to boost domestic consumption enough to offset a decline in foreign sales.

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