BEIJING (Reuters) - China must embrace slower growth and bolder political reform to keep its economy from faltering and to spread wealth more evenly, Premier Wen Jiabao said on Wednesday, vowing to use his last year in power to attack mounting discontent that he warned could end in chaos. Wen pledged to make growth more resilient to external pressures, deflate domestic property and inflation risks and deal with 10.7 trillion yuan ($1.7 trillion) in debt racked up by local governments, while also promoting political change. "Reform has reached a critical stage. ...
Source: http://news.yahoo.com/china-step-fx-reform-allow-freer-yuan-trade-033531455.html
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