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China to offer framework for assessing reform progress

TOKYO -- China will propose a system for mutual evaluation of structural economic reform at the meeting of Group of 20 finance ministers and central bankers kicking off in Shanghai Feb. 26, likely aiming to fend off criticism of its role in market turbulence.

     The meeting's agenda is expected to include measures to curb capital flight from emerging economies and short-term steps to stabilize financial markets, including fiscal spending, as well as structural reforms to promote longer-term growth.

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