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China Must Guard against Systemic Fin’l Risks: Daily

CHINA PRESS
MNI (Singapore)

China must properly balance pro-growth and risk-prevention and stick to the position that housing is for living and not speculation, the Economic Daily said in an editorial restating a directive from a recent meeting of the Communist Party Politburo. China must also strengthen the Party central committee’s control over financial work and continue to dismantle shadow banking to effectively prevent systemic financial risks, the newspaper said.

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