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Mon Feb 27, 2012, 02:47 PM

China reforms needed to sustain growth, says World Bank

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China needs to embrace fundamental free-market reforms if its economy is to continue to grow at the "impressive" pace of the past three decades, the World Bank has said.

The country had reached a "turning point" and needed to reform a growth model that was "unsustainable".

The role of government and state enterprises needed redefining, it said.

But even if growth slows, China was likely to become the world's largest economy before 2030, the bank added.


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