How Will China's Change Of Power Affect Global Markets?

IBTimes 2013-03-07

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China is able to maintain an 8-percent annual growth for at least 20 years, said former World Bank chief economist Justin Yifu Lin Thursday.This comes just a week after Chinese economic data showed that manufacturing in the world's second-largest economy was worse than expected in February.This week was a huge week for China's central bank, as the country eyes reform and a more flexible exchange rate after a change in China's leadership.

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