Xi Says China Chose Slowdown to Allow Economic Adjustment
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Chinese President Xi Jinping said the government opted for slower growth this year to allow it to adjust the structure of the nation’s economy.
China would “rather bring down the growth rate to a certain extent in order to solve the fundamental problems” hindering long-run development, Xi said in a written interview yesterday with media outlets from Russia, Turkmenistan, Kazakhstan, Uzbekistan and Kyrgyzstan, according to a transcript distributed by the official Xinhua News Agency.