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Xi to scale back borrowing, infrastructure spending Save Share Chinaâs Xi Jinping is preparing to bolster the worldâs second-largest economy against a hostile Washington by slashing reliance on US technology as it seeks to temper financial risk by paring back infrastructure spending. More than 5000 senior Chinese officials and lawmakers will gather in Beijing this week to watch President Xi unveil a five-year economic blueprint which will reflect his determination to make China the worldâs most powerful economy in the post-coronavirus era. There could be more bad news for Australian exports if China scales back infrastructure spending as expected. ....