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China October data will demonstrate economy is resilient
A burst of Chinese data in the nearer weeks is supposed to show that the world's number two economy kept cooling in October because policy makers harden efforts to diminish financial risks and ensure long term sustainable surge.
The given strategy was reinforced at the recently-concluded Communist Party Congress by Chinese leader Xi Jinping. He set the tone for policy by emphasizing the need to shift from quantity to quality when it comes to boosting economic surge. The Chinese President also promised to win the war on pollution.
While the Chinese authorities splurged on infrastructure projects, simultaneously keeping fiscal policy loose enough and stoking shockingly firm surge through the year, the government has also ramped up efforts to diminish the country’s long lasting addiction to debt.
Market experts expect the Chinese economy’s gradual slowdown to extend through to the end of 2017 because pollution curbs affected factory output as well as weaker property, while infrastructure spending tamed investment growth.
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