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China: signs of stabilization?

China's economy is showing clear signs of stabilization, helped by policy support and some improvement in global demand, and is on track to meet the government's 2013 growth target of 7.5 percent, the China statistics bureau said on Monday.

"We are confident that the economy is sustaining the positive momentum in the second half and confident of meeting the economic growth target," said Sheng Laiyun, the NBS's spokesman."The economy is showing some positive changes. Signs of growth stabilization are becoming more obvious," he said.

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