Standing on the streets of one of its vibrant cities, one gains a deeper appreciation of recent data on China’s rising domestic consumption. Photo: Bloomberg

China must honour its pledge to let the market lead

Koichi Hamada says having come so far in raising growth and income levels, the Chinese government’s dictatorial decrees, market interventions and ineffective regulation all stand in the way of long-term solutions

Topic |   China economy

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Standing on the streets of one of its vibrant cities, one gains a deeper appreciation of recent data on China’s rising domestic consumption. Photo: Bloomberg
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