China vows stable growth in face of global turmoil

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BEIJING, Oct 12 (Reuters): China will maintain flexible and prudent macro-economic policies and seek to expand domestic demand in the face of a grim international economic environment, the country's ruling Communist Party said Sunday.
A meeting of the party's central committee warned that the global economy was slowing, threatening to dent Chinese growth, and said the country would be turning to home markets to counter the fallout.
The government would "maintain economic stability, financial stability, and stability of the capital markets ... continuing to encourage economic and social development that is both healthy and rapid," the communique said.
The meeting approved a raft of measures, including land reforms, intended to boost the incomes and farmers of China's 750-million strong farming population.