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China Aims for 6.5-7% Growth as Layoffs Loom

China has announced a wide range of measures that it believes will help keep the world’s second-largest economy growing by at least 6.5 percent this year, even as slowing global growth and massive job layoffs loom for some industries. Chinese Premier Li Keqiang opted to announce the economic growth objective as a range of 6.5 to seven percent of gross domestic product while presenting a key government report on Saturday. China achieved 6.9 percent growth last year, against the...

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