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China’s big transformation lays ahead, says UBS

The Middle Kingdom’s transition to a consumption-driven economy spells slower growth, says UBS in an event detailing the Swiss lender’s global outlook of 2016. With its slumping demand for commodities looks increasingly permanent, the Chinese economy move steadily towards the so-called “new normal”. Meanwhile, one should expect China to not grow at a rate that it was, but as an…

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