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China’s Stocks Fall as Official Raises Doubts About Economic Growth

A senior government official caused a stir saying that the Chinese economy will face difficulties in achieving an average 6.5 percent growth over the next five years. The remark had an impact on the stock market with the Shanghai Composite Index plunging 5.3 percent on Monday. Li Wei, president of the State Council's Development Research Centre, said over the weekend that a growth rate of 6.5 percent is not high, but it will be very difficult to achieve this pace of...

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