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China's Fourth-Quarter GDP Grows 6.8% on Year, Beating Estimates
China’s economy sealed its first full-year acceleration since 2010, underpinning global growth and giving authorities more room to purge excessive borrowing. China’s rejuvenated expansion offers support for President Xi Jinping’s mission to defuse ticking debt bombs, one of Beijing’s top goals for the coming three years, along with reducing poverty and curbing pollution. Policy makers have picked the moment well, as the global upswing provides support in the form of strong demand for the nation’s exports. "The macro environment, with relatively mild inflationary pressure and fairly decent growth ... (full story)