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September 16th, 2012

Director of the Economic Projection Department of the State Information Center Fan Jianping said that factors including government approval of major infrastructure projects would boost the economy in the final months of the year.

Fan was quoted as saying in an interview with the official Xinhua News Agency that new measures aim to stabilize teetering growth while preventing asset bubbles and a renewed spike in housing prices.

Premier Wen Jiabao this week promised more tax cuts and measures to boost consumer spending to reverse a worsening economic slowdown and meet the official target of 7.5 per cent growth.