China's Two Sessions: setting the boundaries for reform
China's leadership has set boundaries for pursuing economic reform that limit downside risks to China's energy and metals demand in 2015. The government will not allow unemployment to rise above 4.5%, fiscal deficits below RMB 1.62 trillion, or financial risks to become unmanageable. If any of these are at risk of being breached the government will back-off its reform agenda.
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Economy: reforms being pursued but not at any cost