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Protectionism hurts China's financial sector, opening helps - PBOC's Zhou

Reuters  |  SHANGHAI 

By Andrew Galbraith and Winni ZhouSHANGHAI (Reuters) - Healthy financial institutions are a prerequisite for preventing a financial crisis, and further opening will help build a strong and competitive financial sector, China's central bank governor Zhou Xiaochuan said on Tuesday.Speaking at an annual forum in Shanghai, Zhou focused on broad reforms and competition, but did not discuss more immediately pressing policy challenges like managing the yuan exchange rate or balancing efforts to "de-leverage" the economy and encourage growth.Zhou said some people keen to limit foreign participation ...

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First Published: Tue, June 20 2017. 09:51 IST