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By Kevin Yao BEIJING (Reuters) - Boosted by higher government spending and record bank lending, China is expected to report on Friday that its economy grew by a steady 6.7 percent in the fourth quarter, giving it a solid tailwind heading into what is expected to be a turbulent 2017. China's sluggish exports also could come under freshpressure this year if U.S. President-elect Donald Trump follows through on pledges to impose tough protectionist measures. China’s total government and private sectordebt will likely surpass 285 percent of GDP this year, a 90percent increase since 2008." While China's economy appears to be on much better footing than a year ago, the expected fourth-quarter growth rate would still be near the weakest since the global crisis.
FARINDOLA, Italy (AP) — Rescue crews who reached the four-star mountain resort on skis found only eerie silence Thursday after a huge avalanche flattened the hotel, trapping more than 30 people inside. Two bodies were recovered, but the search for survivors was hampered by heavy snowfall and fears the buildings would collapse.