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PRINTChina can afford to deliver fiscal stimulus for its sagging economy but would risk making bad investments, the ratings agency Standard & Poor’s said Wednesday as the Chinese news media fueled speculation that a fresh spending increase was on the way.
In its report, S.&P. said a mountain of debt left behind by the stimulus package that helped China fend off global recession four years ago has limited Beijing’s appetite for a big stimulus effort as the economy again slows down.
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