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Experts confident on China growth prospects

The economy will continue to grow at rates above global averages in China in the near future, despite market fears sparked this week by the yuan's dip and economic policy adjustments. Argentine asset management and consulting firm Delphos Investment published a special report Friday which basically dismissed the "panic over domestic recession" in China as "exaggerated". "We understand that the engine of the Chinese economy is changing to domestic consumption, with implications for its growth rate," Delphos said.