2018-01-02 17:50

China Warms Up for 2018 ‚Critical Battles‘ With Cooling Economy

People celebrate the new year during a countdown event at Yongdingmen Gate in Beijing, China, December 31, 2017. REUTERS/Jason Lee
People celebrate the new year during a countdown event at Yongdingmen Gate in Beijing, China, December 31, 2017. REUTERS/Jason Lee
China‘s economy begins 2018 facing what its own leaders call three years of „critical battles.“

Those fights to tackle domestic debt, poverty and pollution pose a hat-trick of risks to the world‘s No. 2 economy even before higher interest rates and trade war threats from the U.S. are taken into account.

While the nation is starting from a position of strength, with full-year growth in 2017 poised for its first acceleration since 2010, the expansion is seen slowing in 2018.

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