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ADB: China's Economy to Grow Slightly Faster Than Expected

China's economy will grow slightly faster than expected this year at 6.9 percent and its shift to fostering services and private consumption is helping to support regional growth, the Asian Development Bank said Thursday. An ADB report said Asia's developing economies remain resilient to economic weakness in industrialized countries and are on track to grow 5.8 percent in 2015 and 6 percent in 2016. It said Asia's growth is supported by vibrant private consumption and...

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