China’s Central Bank Governor Vows More Fintech Crackdown — Bloomberg News

Sounds like a plan, especially now with the implosion of RE speculation. The bottom line seems to be controlling systemic risk. Second is addressing sources of economic rent extraction, monopoly in particular. It appears they have thought this through and it is not a knee-jerk reaction.

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China’s Central Bank Governor Vows More Fintech Crackdown

Bloomberg News