A prominent member of China’s top political advisory body wants less regulation and more respect for consumer choice
“Let the rich spend. This is the most direct [approach],” said Yin Yanlin, who was deputy director at the Office of the Central Financial and Economic Affairs Commission, a party organ overseeing economic policy, from 2018 to 2023.
Yin, now a senior economic adviser in the Chinese People’s Political Consultative Conference, made the comments at a Peking University organised seminar on Thursday, where he outlined the challenges of deepening reform.
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