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China Should Prioritize Financial Security: Herald

CHINA PRESS

China should always put financial security first and prevent systemic risks such as excessive borrowing by local governments, asset price bubbles, and any rapid rise in leverage ratios, the 21st Business Herald reported on Tuesday in an editorial. China's financial opening and financial innovations should always avoid finance becoming a capital game rather than serving the real economy, wrote the Herald. China should beware of the risks financial speculation poses to manufacturing and potential crisis underneath financial bubbles, the Herald said.

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