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China’s Pledges to Boost Imports May Face Headwind Ahead

China has pledged to use its army of consumers to boost imports dramatically over the next decade or so – a move that is aimed in part at addressing complaints about its trade surplus and unfair trade practices. But growing household debts, a slowing economy and weakening currency, not to mention trade tensions with the United States, may complicate that effort, analysts say. In an address at China’s first-ever import expo in Shanghai on Monday, Chinese President Xi Jinping pledged to...

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