China Top Financial Watchdog Blasts ‘State Monopoly’ Accusation By Bloomberg
(Bloomberg) -- China’s top financial regulator dismissed claims the nation is distorting its economy through “state monopoly capitalism” as pressure grows on China to align more with global trade rules. Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission, said the accusations are a big “misunderstanding” of how its economy operates. Private...
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