Original Author: Zhang Yundong
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Do Away with “U.S. Financial Model Superstition”! China Must Go its Own Way in Finance
破除“美国金融模式迷信”！中国金融要走自己的路
A former official at the China Securities Regulatory Commission encourages China to develop its own financial model in order to avoid the pitfalls of the U.S. model. He argues against excessive financialization, in order to avoid harming the development of the real economy.