China Plans Greater Economic Policy Coordination
An attendant, center, stands as delegates leave the Great Hall of the People following a group session at the first session of the 13th Chinese People's Political Consultative Conference (CPPCC) in Beijing, on March 4.
Photographer: Qilai Shen/BloombergChina said that it would increase coordination of monetary policy, macroprudential monitoring and financial supervision, the strongest signal yet that top leaders gathering in Beijing this week plan to unveil an overhaul of economic authorities.
The financial supervision system will be improved to ensure financial stability and prevent systemic risk, the official Xinhua News Agency reported late Sunday, citing a decision by a Communist Party committee on deepening government reform. The statement comes just before the National People’s Congress opens Monday morning, when Premier Li Keqiang will outline the country’s economic objectives for the year.