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Xi says no hard landing for Chinese economy.

Friday, February 17, 2012 - 01:39

Feb. 17 - Chinese Vice President Xi Jinping says there will be no hard landing for the Chinese economy. Deborah Lutterbeck reports.

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Chinese Vice President Xi Jinping said Friday that the Chinese economy would experience stable growth and avoid a hard landing in 2012, dispelling a scenario economists fear may upset the global economy. (SOUNDBITE) (Mandarin) CHINESE VICE PRESIDENT, XI JINGPING, SAYING: "2012 will be a crucial year in driving the 12th five-year plan. China's economy will maintain fast and stable pace of growth and definitely there will be no so-called hard landing." The Chinese leader-in-waiting, turning to courting American companies hungry for a slice of his nation's growth, said China the international community has nothing to fear from China's growth. (SOUNDBITE) (Mandarin) CHINESE VICE PRESIDENT, XI JINGPING, SAYING: "A prosperous and stable China will not be a threat to any country, rather it will be a force for world pace and force for global economic development." Xi is almost certain to succeed Hu Jintao as Chinese president in just over a year. His U.S. tour has featured commercial deals and reassuring talks intended to blunt American ire about the trade gap between the countries. Deborah Lutterbeck, Reuters

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Xi says no hard landing for Chinese economy.

Friday, February 17, 2012 - 01:39