China’s National Security Agency Assumes Financial Oversight to Avert ‘Large-Scale Crisis’: Analyst

China’s National Security Agency Assumes Financial Oversight to Avert ‘Large-Scale Crisis’: Analyst
Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing on Dec. 13, 2021. Andrea Verdelli/Bloomberg via Getty Images
Olivia Li
Updated:
News Analysis

China’s Ministry of State Security (MSS) has expanded its powers to become the new leading force in maintaining financial stability amid an economic slowdown.

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