China to Shake Up Central Agencies
China’s cabinet has proposed a sweeping overhaul of the central government agencies that it oversees, according to a draft report it presented to the country’s congress on Tuesday.
The reorganization, the eighth since the country’s reform and opening-up in the late 1970s, comes amid a slowing economy, challenges facing market regulators from innovation and a social shift, as well as constraints in environmental protection and natural resources.
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