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A Scientific Approach
Debt crises in Europe have plagued the global economic recovery and been a drag on China's export industry. Economic growth in China has slowed for five quarters, and indications of an imminent slump are on the rise
To Ensure Growth
China needs to both sustain growth and fulfill the task of economic restructuring. The government is issuing a series of macroeconomic measures, not only focusing on the short-term target of stabilizing economic growth, but also considering the long-term target of economic restructuring and transformation of the economic growth pattern
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At Excess Capacity
The Chinese steel sector is in a crucial period of transition with low growth rates and profit margins. The sector will strictly control capacity expansion and speed up the elimination of outmoded capacity
Market-Oriented Interest Rates
China's central bank cut interest rates for deposits and loans and adjusted their floating ranges. Yi Xianrong, a research fellow with the Institute of Finance and Banking shares his views on the impact of the cuts
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