Should Beijing lead market reform or step aside?

Giving markets a decisive role in the Chinese economy is not a simple matter of the government abdicating its role, say economists.

Should Beijing lead market reform or step aside?

China’s transition out of its current investment-led growth model will require a mix of state leadership and state retreat but probably in opposite doses to what’s actually happening.

Lu Xiongwen, a professor at Shanghai’s Fudan University, said the government must set the pace in spurring a more innovative culture. Although Chinese entrepreneurs are adept at business innovation often by networking and leverage state resources, technological innovation has lagged. He spoke at a seminar organised...

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