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Opinion

China's debt problems will outlast Xi Jinping

Real deleveraging requires greater role for market forces

| China
Unlike 20 years ago, China can no longer count on breakneck economic growth to support mounting debt.   © Reuters

Chinese Communist Party chief Xi Jinping is likely to emerge stronger than ever from this month's party congress, with all the authority he needs to rein in galloping debt and reform lumbering state-owned entities.

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