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The factional struggle behind China’s constitutional changes; former top banking regulator talks local debt risks

SinoInsight 1 Lou Jiwei, the ex-financial minister and chairman of the National Social Security Fund Council, said on the sidelines of the Two Sessions on March 4 that Chinese citizens should strengthen their awareness of financial risk. He added that financial products that guarantee returns of over 6 percent are fraudulent. On March 5, Lou …

Read moreThe factional struggle behind China’s constitutional changes; former top banking regulator talks local debt risks

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