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China's authorities recognised, around the middle of this year, that activity was slowing and that monetary conditions had become overly tight.
China's government overshot its deficit target last year, and probably will overshoot it by at least as much this year
China's finance minister Liu Kun provided his report on China's current fiscal situation to the legislature last Friday.
China's growth can be decomposed into the structural story and the mini-cycle, which is policy- driven.
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