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Boosted by higher government spending and record bank lending, China's economy grew by a faster-than-expected 6.8 percent in the fourth quarter, giving it a solid tailwind heading into what is expected to be a turbulent 2017. The economy expanded 6.7 percent in 2016, the National Bureau of Statistics said on Friday, roughly in the middle of the government's 6.5-7 percent growth target but still the slowest pace in 26 years. Economists polled by Reuters had expected China would report 6.7 percent growth for both the fourth quarter and the full year.
WASHINGTON (AP) — A medical device company in which Rep. Tom Price purchased stock last year has faced years of legal problems and agreed this month to a $17 million Justice Department criminal penalty in a foreign bribery case.