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Financial appointees in China ‘far more important’ than political ones for economy, says scholar

“Instead, the most important information about the country’s economic future will come from the new names in various Chinese financial agencies, according to Eswar Prasad, who was formerly the International Monetary Fund’s head for China” writes Huileng Tan for Prasad warned of how those two “inconsistent notions” could result in moral hazards and contribute to market volatility.

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