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China state planner head says economy has stable start to 2017
January 12, 2017 / 2:20 AM / 10 months ago

China state planner head says economy has stable start to 2017

BEIJING (Reuters) - China’s economy has been generally stable at the start of 2017, continuing its “steadying and good” momentum from the second half of 2016, China’s head of economic planning said on Thursday.

A man walks on a bridge in the financial district of Pudong in Shanghai, China June 22, 2016. REUTERS/Aly Song

Xu Shaoshi, head of the National Development and Reform Commission, said in a statement on the commission’s website that China’s economy still faces a “complex and severe” environment internally and externally.

He said that the government would promote stable and healthy development of the property market - a major contributor to China’s economic growth.

Reporting by Kevin Yao; Editing by Eric Meijer

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