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June 15, 2011

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Home » Business » Economy

Fast growth fails to satisfy

Fast economic growth does not necessarily mean people are happier with their lives, according to a survey by the Chinese Academy of Social Sciences.

The average Subjective Quality of Life Index was 49.71 among 30 provincial capitals, far behind the minimum 75 points that indicates satisfaction. The survey was based on responses from 70,000 households.

Beijing, Shanghai and Guangzhou ranked 20th, 23rd and 25th on the list, all with scores below 50.

"People's satisfaction toward life was merely average after 30 years' of fast economic growth in China," said Zhang Liancheng, dean of the School of Economics with the Capital University of Economics and Business, a co-author of the survey.

The measure of satisfaction was based on respondents' assessment of living costs, the environment, convenience and the pace of life, authors said.

The scores of developed cities along the east coast were not significantly higher than those in western regions, the survey said.

"People's feelings are closely related to fast inflation, high home prices, and poor social welfare," Zhang said.

"Higher scores for smaller cities in the west may be because of the small size of the city and the slower pace of living," Zhang added. "Fast economic growth should not be the ultimate goal."




 

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