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MARKET WATCH
Authors:HU YUE
Abstract:The IMF points to a promising outlook for the Chinese economy,though uncertainties still loom large.The auto market cools down,with March sales growing aminuscule 5.36 percent year on year.Chinese property developers have received a blow to their war chests,as sales plunge and borrowing costs climb.Chinese funds have experienced a dramatic drop in profits last year due to bearish stock markets.The country's economic take-off fuels a wealth boom with the number of millionaires increasing.
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