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China's swaps end 3-day decline
China's interest-rate swaps halted a three-day decline on optimism that government measures to spur spending are quickening a recovery in the economy. Initiatives announced since May are "effective" and "ample" in stabilizing growth, according to an unsigned front-page commentary in Financial News.
Expansion slowed in each of the last seven quarters and the government accelerated approvals of infrastructure projects to spur spending at home as Europe's debt crisis hurts exports, it said.