China central bank governor says to strengthen policy coordination nationwide: state media

SHANGHAI (Reuters) – China’s central bank governor said the nation will strengthen policy coordination between central and local financial regulators, the official People’s Daily reported on Wednesday.

The paper published a commentary by Zhou Xiaochuan saying that markets should play a decisive role in financial resources allocation.

The commentary first appeared on the official website of the People’s Bank of China (PBOC) on Nov 4.

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