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China to rein in COVID spending in sign of economic confidence

Beijing shifts focus to taming of 'gray rhino' financial system risk

Workers at a construction site in Beijing: Chinese President Xi Jinping is turning his focus to the post-pandemic economy.   © Reuters

BEIJING -- With China's economy showing signs of recovering from a coronavirus-induced slump, its leadership will begin to push back a bulge in government spending, starting at a key economic planning meeting expected this month.

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