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China has met with success on several recent economic and policy initiatives, in spite of gloomier views on the outlook by global fund managers. Photo: Xinhua

China deserves credit for playing its economic hand deftly

Risk associated with China’s attempts to rein in credit may have leapt to first place among global fund managers’ surveyed recently by Bank of America Merrill Lynch, but so far the sky is not falling and, overall, Beijing is making a decent fist of managing its various economic and financial obje

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