China must come to grips with disorderly competition among its localities – along with an irresponsibly excessive adherence to the old ways of operating – to unleash the nation’s economic growth potential, according to a prominent political scientist who has also called for more economic integration with neighbouring countries.
Zheng Yongnian, an adviser to the central government, also called for “re-establishing” Hong Kong’s role as an international financial centre as he assessed choke points in invigorating the Chinese economy, in an article published on Wednesday.
