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Inside Tencent's "Influence Empire," with Bloomberg's Lulu Chen
Sinica Podcast
What's Happening Out of the Plenum?
At one point, and I'm not sure the exact date, suddenly there was this massive crackdown on the industry. The Communist Party is going to insert or take more control by reviving this division called the Central Financial Work Commission. If there's overlapping functions for the securities watchdog or the banking watchdog, some of those powers might be folded into the party division. Or outsiders, it doesn't make sense because the party controls everything.
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