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China needs to rebalance economy: World Bank Chief
BEIJING : China needs to rebalance its economy by boosting consumption since the country cannot rely on exports and in
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The United States, Europe and Japan face structural growth problems, and any failure by European governments to ward off a debt crisis could put pressures on European banks, Zoellick told reporters in Beijing where he is ending a five-day visit to China.
Zoellick is in the Chinese capital to lead a study on how China can keep growing its productivity and per capita national income in coming years.
Copyright Reuters, 2010