Posted 12/6/2023, 12:00:14 PM
China Charts New Financial Path, Rejecting Western Ideology for Greater Party Control and Economic Equality
- China rejecting Western financial ideology it now sees as predatory and crisis-prone
- China laying out a contrasting financial vision centered on Communist Party control
- Goals include reducing inequality and better serving the real economy
- China has emulated West in building its financial system but is now charting a different path
- China says its banks prioritize national imperatives over profit, unlike Western counterparts