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China plans central bank inspection

China plans to launch an extensive inspection of the central bank as well as three policy banks and five commercial banks, in an effort to strengthen state supervision over China's ailing banking sector, the official news agency said.

He Yong, deputy secretary of the CPC Discipline Inspection Commission, was quoted by the official Xinhua news agency as saying that the inspection this year will cover the central bank - the People's Bank of China -, and three policy banks - China Development Bank

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