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China Economist Is Rare Voice of Caution on ‘Common Prosperity’

  • Prominent academic warns against too much state intervention
  • He says China will lose out if it abandons market economy
Xi Approves Action on Everything From Monopolies to Pollution
Photographer: Qilai Shen/Bloomberg

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An influential liberal Chinese economist has warned against excessive government intervention and the erosion of the market economy in the nation’s pursuit of “common prosperity” and more income equality.