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China will strengthen its economic......>

CHINA PRESS: China will strengthen its economic monitoring, forecasting and
warning systems to help improve the government's foresight, Xinhua News Agency
reported Sunday, citing a communique from the Communist Party's Third Plenum
concluded over the weekend. 
  - China will "strengthen and optimise financial management capabilities," and
increase coordination among monetary policies, macro-prudential policies and
financial regulations. 
  - China must guard its last line of preventing system financial risks and
defend the country's financial safety, it said. 
  - Overall, China will strengthen the control of power by the Communist Party,
currently deficient in some areas of the government. It will also deepen reform
of the government structure and allow the market to better allocate resources. 
***Comment: Chairman Xi Jiping's leadership is seeking to deepen its control of
power. Under Xi's propensity for centralised power, China will see wide-ranging
government reforms announced this month - including possibly the elevated status
of a central bank to be chaired by Xi's trusted right-hand man, Liu He. 

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