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Updated Saturday, July 24, 2010 11:40 pm TWN, AFP

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South Korea and China both expect slow global economic recovery

SEOUL -- South Korean and Chinese financial chiefs agreed the global economy needs a “considerable” amount of time before making a full-fledged recovery, a government report said Friday.

The assessment followed talks in Beijing Friday between South Korean Finance Minister Yoon Jeung-Hyun and his Chinese counterpart, Zhang Ping, Yoon's office said in a report.

The two agreed to continue cooperation in seeking macroeconomic policies and to stave off protectionism to achieve a strong global economic growth, it said.

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