Which nation has developed a financial risk management strategy known as 'One Province, One Policy'?
China
2023 December
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3.25/5 |
According to a report, China's regulator wants provinces to develop their own financial risk management plans. "One Province, One Policy" was implemented after officials had earlier promised to set up a system to address local debt problems. China has had difficulty gaining momentum this year as the country's recovery from the harsh Covid Zero regulations turned out to be less dramatic than anticipated and the real estate crisis persisted.