Pro-market economist said pursuing state control of the economy could lead to “crony capitalism”. Photo: Jonathan Wong
Chinese pro-market economist Wu Jinglian warns of ‘state capitalism’ dangers
- Influential figure speaks out against state-led growth model, saying it’s ‘inconsistent with our reforms’
- Remarks come amid growing concerns about Beijing’s intervention in the economy and commitment to economic liberalisation
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Pro-market economist said pursuing state control of the economy could lead to “crony capitalism”. Photo: Jonathan Wong
