March 2014 International Economic Fundamentals

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Chinese premier admits economy faces 'severe challenges'





Chinese Premier Li Keqiang warned on Thursday that the economy faces `severe challenges` in 2014 ` comments that came as weak data fanned speculation the central bank would relax monetary policy to support stuttering growth.





Li, speaking at a news conference on the final day of China`s yearly parliament, hinted Beijing would tolerate slower economic expansion this year while it pushes through reforms aimed at providing longer-term and more sustainable growth.


Data released shortly after his comments suggested that tolerance may face an early test.





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