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China will make greater efforts to diffuse debt risks of financing platforms, said Chinese premier Li Qiang in a meeting focusing on mitigating risks of local government debt on Friday. China will resolutely block the path for irregular and disguised debts and strictly prevent the risk of newly-added debts, said Li. The Commerce ministry said on Friday that foreign investment into China fell 19.9% in the first two months of 2024 from the amount in January-February last year to 215 billion yuan ($30 billion).
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