China's leader Xi Jinping tightens control over finance, removing foreign experts and cutting salaries.

China's leader, Xi Jinping, is tightening control over the financial sector by removing influential international financiers and cutting salaries of financial regulators to align with civil servants. This move aims to curb capitalist excess and centralize financial decision-making under the Communist Party. However, experts fear it could undermine the industry's dynamism and expertise at a crucial time.

January 14, 2025
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