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News Summary: Pressure on China to reverse slump

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The Associated Press | May 15, 2012 12:26 PM EST | AP


TOO SLOW: China's economic growth has decelerated from overheated to slower-than-Beijing-wanted in just six months as export demand and consumer spending at home weakened.

U-TURN: China's leaders are gradually reversing course after spending the past two years trying to cool growth and inflation. They are easing lending curbs and are expected to take other steps to shore up growth.

THE DILEMNA: Planners face a conflict between immediate growth needs and Beijing's long-term effort to reduce heavy reliance on exports and investment and create a more self-sustaining, consumer-based economy.