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China faces a significant risk of a...........>

CHINA
MNI (Beijing)
CHINA: China faces a significant risk of a systemic financial crisis because of
the financial industry's complex structure and irregularities, Lou Jiwei, former
finance minister and now chairman of National Council for Social Security Fund,
said in statement on the council's website. 
 - China's financial system has been severely distorted by numerous derivatives,
such as P2P, payday loans and fund pools, which led to rising cost of capital
and limited growth of the real economy: Lou 
 - Many risks are hidden in China's financial channels and difficult to track:
Lou 
 - China must control these risks to prevent crisis: Lou
***COMMENT Lou is yet another high-profile official to lend his voice to the
widening campaign tackling the widespread and little-understood financial
dealings. China is taking a calculated risk as coercive measures will likely
limit growth.

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