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China reforms "won’t come without pain", says UBS

Elva Muk, Suzy Waite
The reforms, though largely positive, will put pressure on certain industries in China, argue economists, who advise investors to pay close attention to the country's credit woes.
China reforms "won’t come without pain", says UBS

China's equity and fixed income markets face major upheaval as a result of the government's planned reforms, and market observers are voicing hopes that the outcome will be positive, starting with 2014.

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