CPC leadership reviews measures to speed up central China development, provisions to defuse financial risks
China DailyBEIJING -- The Communist Party of China leadership on Monday deliberated on policies and measures to accelerate the development of China's central region in the new era, and trial provisions concerning accountability for failing to prevent or defuse financial risks. In January, Xi underlined the need to prevent and defuse financial risks, particularly systemic risks while addressing the opening of a study session at the Party School of the CPC Central Committee. The trial provisions marked the country's latest move to strengthen financial oversight across the board to prevent and defuse financial risks and promote high-quality development in the financial field. The trial provisions are made to promote the Party's full and rigorous self-governance in the financial field, strengthen the centralized, unified leadership of the CPC Central Committee in financial work, and ensure relevant authorities, financial institutions, industry authorities and local Party committees and governments perform their duties earnestly.