Lingnan Forum: Gov't Attacked for Market Intervention

(Guangzhou) – Scholars and company heads attending an economic forum on March 25 blamed excessive government involvement in economic affairs for structural problems in the world's second-largest economy.

China's economy is retreating to a crude growth model due to government market intervention and price controls, producing rent-seeking and corruption, said Wu Jinglian, a senior researcher at the State Council's Development and Research Center. He was speaking at the Lingnan Forum sponsored by Sun Yat-Sen University's Lingnan College and Caixin.