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Jan. 14 (Bloomberg) -- China is starting to gain control of its turbocharged economy, just as a U.S. slowdown raises the risks of doing so.
A narrowing trade surplus and declining money-supply growth are among the first signs that the world's fourth-largest economy is pulling back from its fastest expansion in 13 years. The government has raised interest rates six times in a year, restricted credit, frozen some prices and let the currency appreciate to damp growth and inflation.