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CHINA’S economy is going through a series of historic transitions and recent short-term market volatility will prove temporary, said experts attending the World Economic Forum Annual Meeting 2016 in Davos, Switzerland.
The Chinese government is implementing wrenching reforms trying to shift its growth from investment and manufacturing to services and consumption. Experts warned the uncertainty during the process will lead to periodic market disruptions.
China witnessed a turbulent year in 2015. Growth in the world’s second-largest economy hit a quarter-century low of 6.9 percent, compared with 7.3 percent a year earlier.
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