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China Reforms Give Global Economy Some Breathing Room, Leaders Say
The world's financial leaders started the year worried about China's decelerating economy dragging the world into another major crisis. Now, they're breathing a small sigh of relief. Finance ministers, central bankers and other top officials meeting here in recent days said Beijing's efforts to stabilize its economy have temporarily eased global fears tied to the world's No. 2 economy. Still, IMF officials warned that Beijing may again be relying too heavily on credit to juice its slowing economy, buying time now at the expense of future growth and potentially creating other problems down the road. Uncertainty about ... (full story)