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Overregulation will restrain............>

CHINA PRESS
CHINA PRESS: Overregulation will restrain financial-sector development and curb
the competitiveness of the sector, the China Business News reported Friday
quoting Guan Tao, a former head of the balance of payments division at the State
Administration of Foreign Exchange and now a research fellow with the 40Forum
research group. The underdevelopment of the financial sector is one of the main
problems in China and contributes to high funding costs, rising house prices and
a bearish stock market, Guan said. While focusing on preventing risks
authorities should control regulatory strength, Guan said. (China Business News)

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