China’s Restructuring of Financial Regulation Is Good News for Reform

One of China’s toughest and longstanding economic challenges has been the need to slow runaway credit growth, much of it fueled by speculative investments that do not contribute to the real economy. After years of uncertainty over possible reforms of the financial regulatory system, the National People’s Congress moved on March 13 to merge the banking and insurance regulators … https://bit.ly/2GdbqKP

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