Another approach would be going back to the Special Economic Zones experiments. Choose the most politically expedient area first and radically liberalize it.
So more freedom to Hongkong, then Shenzhen, then Shanghai etc?
When I think of these approaches it makes me think of the perverted incentives of gaps between artificial zones (geographical or other). E.g. Kowloon City: 1.
2.
this territory is moderated
I was thinking of creating new SEZ's, but I'm also in favor of increasing the freedoms within the existing ones. The key to making it palatable, is letting the party insiders know it's coming well in advance, so that they can profit from it. Hopefully, that's enough incentive for them to not assassinate me.
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