Report: Growth more 'quality-oriented'
Source: Xinhua |
July 28, 2012, Saturday
|
Print Edition
Print Edition
THE growth of China's gross domestic product has become more "quality-oriented," according to a report released yesterday by the Chinese Academy of Sciences, a government think tank.
The GDP quality index, which was developed as part of the CAS report, is a theoretical measurement that reflects the "true wealth, sustainable development and social harmony of a country," said Niu Wenyuan, chief editor of the report and consultant for the State Council, China's Cabinet.
The index measures China's GDP in terms of economic, social, environmental, life and management quality.
China's GDP quality index has risen 46.5 percent over the past two decades, with an annual growth rate of 2.3 percent, the report said.
The report said the GDP quality index has grown rapidly since 2005.
The report estimated that the index in 2020 will likely be a quarter to one-third higher than that of 2011.
The GDP quality index, which was developed as part of the CAS report, is a theoretical measurement that reflects the "true wealth, sustainable development and social harmony of a country," said Niu Wenyuan, chief editor of the report and consultant for the State Council, China's Cabinet.
The index measures China's GDP in terms of economic, social, environmental, life and management quality.
China's GDP quality index has risen 46.5 percent over the past two decades, with an annual growth rate of 2.3 percent, the report said.
The report said the GDP quality index has grown rapidly since 2005.
The report estimated that the index in 2020 will likely be a quarter to one-third higher than that of 2011.
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