'Reform or stimulus' policy divide grows as China slows

April 17, 2015 10:29 AM

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BEIJING, April 17 (Reuters) - With China's economic growth heading for a quarter-century low, think-tanks and advisers to the government are polarising into those calling for more stimulus to arrest the slowdown and a rival camp emphasising structural reforms as the route to sustainable growth.

The debate among the think-tanks, which influence decision-making but do not wield direct power, is reflected in the ambivalent mood music coming from China's leaders, who accept the need to adapt to a "new normal" of slower but better quality growth, while fretting that a deeper downturn could fuel...

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