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China's stable economic development in October strengthened economists' expectations of a "happy ending" to the year, with industrial and service sectors progressing amid moderate inflation. HSBC's Chief China Economist Qu Hongbin said there is no signal hinting at an economic slowdown in the fourth quarter, which departs from earlier expectations. | |
China's leading economist and advocate of reform Wu Jinglian has called for a new model of urbanization that is market driven and more efficient. He added that the country should give full play to the market's "decisive" role in allocating resources. | |
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