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Chinese President Xi Jinping claps after his speech as he and other new Politburo Standing Committee members meet with the press in Beijing on Oct. 25.   © Reuters
Economy

Xi's "new era" marred by old problem of a slowing China

Growing debts and pervasive pollution to bedevil Chinese leader in his second term

KENJI KAWASE, Nikkei Asian Review Business and Market News Editor, and DEBBY WU, Nikkei staff writer | China

BEIJING -- Chinese President Xi Jinping touted a "new era" for a "great modern socialist country" and imprinted his name onto the constitution of the ruling Communist Party over the last week, but the leader may find the new normal of an economic slowdown will be the pivotal issue marking and possibly plaguing his second term.

Adding to China's economic woes are growing corporate and government debt and persistent pollution.

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