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Quotes from Wells Fargo Securities:
-The rebalancing of the economy that Chinese authorities are attempting to engineer won't be easy, and it probably is premature to claim that the government has indeed pulled off a "soft landing."
-However, the stronger-than-expected GDP outturn for the first quarter may relieve some concerns that a "crash landing" is imminent. The Chinese government could even announce some modest policy easing in coming weeks.
-However, a return to the double-digit growth rates that characterized the Chinese economy in the past decade is not in the cards.
