In New Economic Plan, China Bets That Hard Choices Can Be Avoided

March 5, 2016 11:37 AM

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In New Economic Plan, China Bets That Hard Choices Can Be Avoided

BEIJING — As China’s growth has fallen while debts and excess industrial output have risen, its leaders have faced growing questions about whether they will carry out the painful policy surgery many experts say is needed to cut away the financial dead weight on the economy.

But the answer that Prime Minister Li Keqiang gave on Saturday was to wager that China could enjoy a relatively painless cure that avoids hard choices between spurring growth and restructuring. Chinese leaders’ usual two-sided rhetoric about their options — peril is close at hand, but so is a sure c...

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