China plans more economic policy coordination to help curb risks

China said that it would increase coordination of monetary policy, macroprudential monitoring and financial supervision, the strongest signal yet that top leaders gathering in Beijing this week plan to unveil an overhaul of economic authorities.

The financial supervision system will be improved to ensure financial stability and prevent systemic risk, the official Xinhua News Agency reported late Sunday, citing a decision by a Communist Party committee on deepening government reform. The statement comes just before the National People’s Congress opens Monday morning, when Premier Li Keqiang will outline the country’s economic objectives for the year.

President Xi Jinping has made financial stability