There has been a rapid response to the economic reform pathway decreed last year by China’s leaders.
CHINA'S economy is perking up. The latest data suggest growth has bottomed after hitting a trough of 7.5 per cent year-on-year in the second quarter of the year.
Although Beijing's new policymakers are focusing on structural reforms with greater tolerance for slower growth, this does not mean that they will tolerate a dramatic slowdown.
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