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ECONOMY

2017 Could Mark End of China’s Decelerated Economic Growth, Senior Government Researcher Says

By Yu Hairong and Fran Wang
Liu Shijin, the former vice director of State Council Development Research Institute, said on Saturday that China's economy "is very close to" or "has started" bottoming out after nearly seven years of growth deceleration. Photo: Caixin
Liu Shijin, the former vice director of State Council Development Research Institute, said on Saturday that China's economy "is very close to" or "has started" bottoming out after nearly seven years of growth deceleration. Photo: Caixin

(Beijing) — The Chinese economy may have bottomed out after years of decelerated growth, and this year could mark the start of stable expansion that will probably last for more than a decade, a senior government researcher has predicted.

The world’s second-largest economy has been seeking equilibrium over the past few years, according to Liu Shijin, formerly a deputy chief of the Development Research Center (DRC) of the State Council, China’s cabinet.

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