Beijing wants the Chinese financial sector to do more to support its economic goals, but progress has been hard to come by.
Governor of the People's Bank of China Pan Gongsheng speaks at a press conference on the sideline of the National People's Congress in Beijing, March 6, 2024. Credit: Ng Han Guan via AP Photos
The Biden administration’s sweeping round of higher tariffs on Chinese imports this week are the latest sign of Western governments’ alarm at China’s growing capacity to dominate vital industries, from electric vehicles to solar panels.
The message back from Beijing is already clear, however: Expect more.
In a series of recent speeches published in March, Chinese leader Xi Jinping has expressed his desire to harness the country’s financial sector in support of his economic ag
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