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    01.02.2016 17:53 European Central Bank Governing Council member Ewald Nowotny: the slowdown in the Chinese economy is a risk to developed countries

    The European Central Bank (ECB) Governing Council member Ewald Nowotny said on Monday that the global economy was expanding moderately, adding that the slowdown in the Chinese economy is a risk to developed countries.

     

    "Recent developments in China - since last year, world's largest economy in terms of GDP based on purchasing power parity - are of particular concern," he said.


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