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Beijing Has Tools to Prevent Systemic Collapse, Regulator Says
China has the necessary tools to prevent the collapse of a smaller financial institution from spreading through its financial system, although a rapidly moving crisis could still prove overwhelming, a top financial regulator said on Tuesday.

China has the necessary tools to prevent the collapse of a smaller financial institution from spreading through its financial system, although a rapidly moving crisis could still prove overwhelming, a top financial regulator said on Tuesday.