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IMF Cuts China's Growth Forecast, Urges Focus on Reforms

The International Monetary Fund (IMF) cut its 2015 economic growth forecast for China to about 7 percent, but urged authorities to avoid further stimulus measures and concentrate on curtailing financial risks instead.            In remarks that projected confidence about the health of the world's second-biggest economy, the IMF said Beijing must keep its word on implementing reforms that will correct imbalances, including a “moderately...

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