China to again reform its econ planning ministries

A plan to reorganise China's key economic ministries calls for a new State Banking Regulatory Commission to be spun off from the central bank.

Source: Dow Jones

China on Thursday issued a long-awaited plan to reorganize its key economic ministries, aiming to streamline policymaking and strengthen oversight of key areas such as finance and product and work safety.

It is the second such government revamp in five years and reflects China's continuing efforts to adapt its Marxist state planning app