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Chinese President Xi Jinping emphasized the need to support moderate wealth for all, or the idea of “common prosperity" and pledged efforts to prevent financial risks.
China will improve the level of digital and intelligent supervision and it is necessary to strengthen the construction of financial laws and infrastructure, deepen the construction of a credit system, and boost the basic role of credit in financial risk identification, monitoring, management and disposal, Xi said at a meeting of the Central Committee for Financial and Economic Affairs on Tuesday.
Common prosperity is an essential requirement of socialism . . .
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