Experts' views on Xi's high-quality growth
By Chen Weihua, Zhao Huanxin, Cecily Liu, Wang Mingjie、Edith Mutethya, Wang Jianfen and Jin Dan |
chinadaily.com.cn |
Updated: 2018-03-20 16:18
Share
Share - WeChat
It is commendable that the Chinese government is turning its focus to the quality of growth rather than aiming for high growth at any cost.
At this stage of its development, it makes sense for China to shift away from an investment-led growth model that leads to wasted resources, financial risks and environmental degradation.
Upgrading the consumption patterns of households is an interesting idea, but this may be better left to normal forces of demand. As Chinese households become wealthier, they will demand better-quality products and high-end services. The government certainly has a role to play, fostering competition and regulating markets so they function smoothly, meeting consumers' changing needs and aspirations.
- AI, robotics dominate China's emergency management expo
- Safety violations lead to four deaths at Xinjiang steel plant
- Hundreds take to streets of Shanghai for Huangpu charity ride
- Sino-foreign youth dialogue promotes mutual understanding in Nanning
- Surfing in Guangdong's Shantou
- Macao SAR to speed up reform, diversification in 2026: chief executive
