China’s leader is preparing to install associates to run the central bank and revive a Communist Party body to tighten political control over financial affairs, say people familiar with the discussions
Chinese leader Xi Jinping is preparing to shake up the leadership of the country’s financial system, installing key associates to run the central bank and reviving a Communist Party body to tighten political control over financial affairs, according to people familiar with the discussions.
The moves are a continuation of efforts by Mr. Xi to reshape the world’s second-largest economy. In recent years, the central bank and other financial regulators have continued toa WSJ membership
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