China’s Spy Agency Turns Focus to Finance in Quest for Security

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(Bloomberg) -- China’s spy agency will work to prevent financial sector risks from jeopardizing the country’s national security, and pledged to crack down on...

-- China’s spy agency will work to prevent financial sector risks from jeopardizing the country’s national security, and pledged to crack down on violations and to resist attempts by other nations to use finance as a weapon.Israel Latest: Blinken Set for Talks With Netanyahu and Cabinet

The statement came two days after an important central government meeting on the economy, which vowed to set up a long-term mechanism to resolve debt risks tied to local governments and other problems in the financial sector. While resolving domestic financial risks would not normally be part of the purview of the spy agency, which is in charge of both domestic security and overseas espionage, the statement emphasized that “financial security is an important component of national security.

The latest statement criticized some unnamed nations for abusing their “currency hegemony” and wielding financial sanctions as weapons, in comments probably aimed at the US. It also noted that some unnamed people are trying to undermine the global community’s confidence in investing in China and causing turbulence in the Chinese financial system by shorting the country or spreading pessimistic views on the economy.

Kristy Greenberg explained why the former president's son "can't have it both ways" with his civil fraud trial testimony.Eric Trump, one of two sons entrusted to run Donald Trump’s real estate empire, swore Thursday that he was never involved with financial statements that New York state lawyers say fraudulently puffed up the ex-president’s wealth and the worth of the family business.

 

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China’s Spy Agency Turns Focus to Finance in Quest for SecurityChina’s spy agency will work to prevent financial sector risks from jeopardizing the country’s national security, and pledged to crack down on violations and to resist attempts by other nations to use finance as a weapon.
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