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ent Co Ltd, and China Shipbuilding Industry Corp, accordin
g to data from the State-owned Assets Supervision and Administration Commission.
David Lipton, the International Monetary Fund’s first deputy managing director, sa
id: ” (China’s) Credit growth and corporate debt have been reduced thanks to concerted efforts to strengthen fin
ancial regulation, reduce regulatory arbitrage, and improve the framework for financial supervision.”
His statement came after the IMF published a report forecasting that China’s economic growth is expected to mo
derate to 6.2 percent this year, down from 6.4 percent in the first quarter, as uncertainty around trade tensions re
mains high and risks are tilted to the downside. Inflation, in the meantime, is projected to rise to 2.3 percent.
Wang Aiqin, one of Li’s granddaughters, said that Li has four sons who
take care of her in rotation every month, along wi
th her three daughters. Li can remember all her family members but is slightly deaf.
Li enjoys good relationships with her neighbors, and is healthy, having used to be a farm worker.
She lives a routine life and does regular exercise, while her diet
consists mainly of porridge, steamed buns and vegetables, Wang said.
“She likes to watch some TV programs of traditional operas, and we bought her a TV set,” Wang said.