China's 'Revolutionary' Restructuring Gives More Power to Ruling Party

Chinese Communist Party is set to restructure its entire administrative machinery to give it more direct control over the country's finances and government actions.The "revolutionary" restructuring will merge several ministries, including financial services regulators overseeing the country's heavyweight banking and insurance sectors, media reports indicated.A national markets supervisory body will take over the portfolio of government agencies dealing with pricing, commerce and industry, quality control, quarantine, and food and drug safety.The ministry of land and resources, the state oceanic agency, and the national surveying and mapping bureau will be merged into a new ministry of natural resources.…………….Please Log in or Subscribe to view full details…..



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