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Bloomberg
China’s finance sector should open up further to support
the “dual circulation†economic strategy and mitigate risks in the industry, a central bank official said.
More liberalisation in the financial sector would provide extra support to the real economy, according to Liu Guiping, vice governor of the People’s Bank of China (PBOC). He was speaking at a forum organised by the China Finance Society.
China’s “dual circulation†development strategy is one in which the domestic market becomes the main growth driver, supplemented by international demand.