Fitch Ratings on Friday lowered its 2012 growth target for China to 7.8% from 8% and said it does not expect a hard landing as authorities have the scope to use fiscal and monetary policies to ward off a harsh downturn
The ratings agency acknowledged that slowing exports were dampening China's growth, but said the cooling underway was also a product of the central government's effort to squeeze consumer and house price inflation out of the system
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