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.