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China Follows Silk Road in Search for Land of Fast Growth

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A centuries-old template for China’s economic influence may be the best idea the nation’s current-day leaders have for addressing a shortfall in growth.

China reported on Wednesday that the economy expanded the least since the 2009 global recession last quarter, at a 7 percent pace. Last time round, policy makers unleashed a record credit expansion that’s left a legacy of unused properties and rising bad debts.