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February 25, 2017

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Shift to growth quality

CHINA’S greater emphasis on growth quality will ease debt pressure and accelerate the pace of supply-side reforms, helping the country move to a high-income economy by 2027, Morgan Stanley said in a report yesterday.

The policy shift from pro-growth to preventing financial risks and promoting better global growth dynamics lifted the US bank’s confidence that China could improve capacity utilization, manage the debt cycle and avoid a financial shock, the report said. It forecast China’s economic growth to moderate to 6.4 percent this year from 6.7 percent last year.



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