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Opinion

China's regulatory restructuring will show value in crisis

Overarching financial watchdog positioned to act quickly and effectively

| China
Shanghai on March 7. The National People's Congress has delivered important news for China and the world.   © Reuters

Alicia Garcia-Herrero is chief economist for Asia-Pacific at investment bank Natixis in Hong Kong and a senior research fellow at policy research think tank Bruegel in Brussels.

Beyond the continuity of Xi Jinping remaining as China's president for an unprecedented third term, big changes were afoot at the latest session of the National People's Congress.

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