Photographer: Qilai Shen/Bloomberg

China Eases Fiscal Stance to Meet Slower 2016 Growth Target

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  • Leaders vow to speed up disposal of unproductive state assets
  • Analyst: Problem is 'there's a lot of bad lending going on'

China unveiled a record fiscal deficit and pledged to accelerate the restructuring of its bloated state-owned industries while still setting a weaker growth target for this year.

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