China’s State Council has created a new department to coordinate financial and economic affairs, in an effort to streamline the government's oversight and management of the country's financial markets, according to media reports. The Chinese cabinet has upgraded its financial department to bureau level, and tasked the new entity to provide administrative coordination among China's […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.