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The ratings agency, Standard
and Poor's, says the
leadership changes in China
this year and next may slow
the country's policy response
to any new external economic
shocks. Its head of Asia
Pacific sovereign rating,
Kim-eng Tan, said some
policymakers might not be
willing to introduce stimulus
measures similiar to those put
in place in 2008.
Mr Tan said leaders would
focus their attention on
domestic issues this year,
such as inflation,
unemployment and property
prices. He said this meant the yuan was unlikely to appreciate in
that period.
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