[Zoom on finance with Nicolas Véron] Latest financial supervisory reform diverts China from the path towards a market-based financial system
The Chinese Communist Party logo is seen on a skyscraper in Shanghai at dusk on Aug. 31. GREG BAKER/AFP VIA GETTY IMAGESIn May last year, China inaugurated a new system of financial sector supervision, which had been announced two months earlier during the twin plenary sessions of the National Peopl