Markets digest Chinese policy prescription

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LONDON (AP) — Markets were unmoved Tuesday by a promise from China’s political leaders for the free market to play a bigger role in the country’s state-dominated economy.

At the end of a four-day meeting aimed at producing a reform blueprint for the coming decade, Communist Party leaders said state ownership will remain a pillar of the economy. But they gave an unusually strong endorsement to Chinese private businesses, saying they also are “important components” of the economy.

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