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China People's Congress

China to move finance and tech under direct party oversight

Overhaul designed to make country more resilient to Western sanctions

Chinese President Xi Jinping attends a session Tuesday of the National People's Congress. (Photo by Yusuke Hinata)

BEIJING -- China's legislature is set to approve an administrative overhaul this week that would put public security, financial regulation and technology -- areas now handled by the state -- under direct Communist Party control.

Officials in the State Council, China's cabinet, presented a finance and technology reform proposal to the National People's Congress on Tuesday. It will be officially approved Friday.

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