President Xi Jinping believes a slight slowdown in economic growth would be acceptable, Li Yang, a deputy head of the Chinese Academy of Social Sciences, told a briefing yesterday as the government think tank said growth could ease to as low as 6.4 per cent.
"[Xi] repeatedly said it wouldn't matter if economic growth slows a little bit. It's nothing worse than delivering a score sheet less pretty than that of the predecessors - even so, it would not be a big deal," Li said, referring to remarks Xi made at a meeting with government economists on July 8.
Construction sector drives jump in insolvencies
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New data from the Australian Securities & Investments Commission (ASIC)
shows a big jump in external administrations in March, with 7,742 firms
going und...
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