CHINESE ECONOMY FACES DOWNSIDE RISKS

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BERLIN: The Chinese government faces major challenges in shifting the focus of the economy from trade to consumption and there are downside risks to the economic outlook, a senior German government official said on Friday.

“The Chinese government faces major challenges,” the official said during a formal briefing ahead of Chancellor Angela Merkel’s trip to Beijing this weekend.

“There are risks to the downside.”

 

 

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