Opinion: 'Hainan represents an emerging global model—an amalgamation of age-old commercial strategies forming a hybrid economic order while remaining protectionist at heart. Some analysts have even described the island as a “pressure valve of globalisation” for China—a space where the country can experiment with open market policies without exposing the entire mainland economy to external risks. The success of such zones, however, also raises a deeper worry.'

Sneha Sanyal, Delhi-based lawyer who works at the intersection of law, economics, and geopolitics, writes

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