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Economic Debt

World Bank sees China growth on track, urges reform

China is likely to meet its economic growth target of 7.5 percent this year, the World Bank said on Friday, but must persevere with fiscal and financial sector reforms to deal with the root cause of its debt problems. "The prospect of growth falling below the government target will likely trigger accommodative fiscal and monetary policies," the Washington-based development bank said in its latest assessment of China's economy. "These measures should help the authorities to reach the indicative growth target of around 7.5…