To manage economic risks, China turns to financial experts

China struggles to deal with the economic slowdown. To deal with it, China has devised a new strategy. So as to manage risks and rebuild regional fortunes, it has placed financial experts in provinces.

Across China's 31 provinces, municipalities and regions, President Xi Jinping has put 12 former executives at state-run financial institutions or regulators in top posts. Some of these have earlier effectively dealt with debt and b....