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Wed May 29, 2013
China's Leaders Promise To Speed Up Economic Growth
Originally published on Wed May 29, 2013 11:31 am
The Communist Party's new leadership has pledged to change China's slowing economy by putting a greater emphasis on private enterprise and reining in huge but far less profitable state-owned businesses. Economists say the party has no choice but to update if it wants to stay in power, but they doubt that a genuine overhaul is in the works.