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China Expects 'Downward Pressures' on Its Economy in 2015

Chinese Premier Li Keqiang said Wednesday that China's slowing economy reflected the broader, global situation and promised that he would forge ahead with major reforms to boost growth prospects. Li told the World Economic Forum in Davos that China, hurt by a housing slump and waning investment and manufacturing growth, would continue to face headwinds in 2015. China, the world's second-largest economy, announced Monday that growth slowed to 7.4 percent in 2014 from 7.7 percent...

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