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Economy

Regulator hit for intervention, populist policies

A series of market interventions through regulations and policies is undermining both trust and confidence in the economy, according to analysts and industry sources. The regulators' recent measures aimed at cancelling some portion of debts held by low and middle-class households are raising concerns that such a move will create moral hazards. Also, the state-enforced reductions in credit card transaction fees will create side effects.

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