China’s rein on financial innovation shows it won’t give up manufacturing for a runaway services sector | South China Morning Post

A technician checks hanging clocks at a workshop of a clock company in Yantai, in eastern China’s Shandong province, on December 15. Photo: AFP

Anthony Rowley is a veteran journalist specialising in Asian economic and financial affairs. He was formerly Business Editor and International Finance Editor of the Hong Kong-based Far Eastern Economic Review and worked earlier on The Times newspaper in London