A Chill Wind Blows From Beijing

To keep control, its leaders are cooling risky reforms

Hu Angang, an economist at the Chinese Academy of Sciences, is one of the government's favorite intellectuals. His is a distinctly conservative voice. Educated at Yale University, Hu, 42, promotes policies intended to preserve social stability in China rather than achieve rapid economic reforms. For instance, to spread wealth to poor interior regions, Hu wants to end privileges for special economic zones on the coast once favored by Deng Xiaoping.

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