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China's growth rate this year will be over 3% with ample room for further
fiscal support if necessary, the 21st Century Business Herald reported.
Citing Lin Yifu, the Dean of the National School of Development at
Peking University, the Herald's report said total debt raised by the central and local
governments, including implicit debts, accounts for less than 60% of
GDP, while the ratios of most developed countries exceed 100%.