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Economy

China to face tough economic conditions for up to 10 yrs: minister

ANKARA (Kyodo) -- Chinese Finance Minister Lou Jiwei told his Group of 20 counterparts that the country's economy is likely to face tough conditions for up to 10 years, sources familiar with the G-20 meeting said Sunday.

     Following the two-day gathering through Saturday, the Chinese government said Lou told the finance chiefs that the next five years would be painful for the Chinese economy, and would include a difficult process of structural adjustment.

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