Reforming the system... would allow the flow of talent across regions... improve... allocation of labor... [and] reduce regional disparities. - Keyu Jin

It's important to keep open the dialogue channels, to keep on talking. That's the first thing, and second is to see each other's perspective, and understand each other, for instance, people think about China as having a centralized state model, and that it's crowding out the private sector. That's not... the case. Thirty years ago, 70% of the wealth belonged to the state. Today, 70% of the wealth belongs to the private sector, which also provides 80% of the jobs, 70% of industrial output. ...That centralized approach is more poitical centralization and setting the strategic objective, but there's a huge amount of autonomy left at the local level... to the entrepreneurs... to the local Mayors, and they have an interactive dynamic relationship.

[I]n China, innovation and have been defining features... despite socialist characteristics... It has found a way to combine private and state forces...

The same approach applied to... acquire technology. In its rush to modernize... substandard products, copying and counterfeiting, and investments... with little... efficiency and consequence.