Li Daokui, an economics professor at Tsinghua University |
Li Daokui, an economics professor at Tsinghua University
The quality of economic growth is what really matters, rather than the quantitative rise in GDP. As a growth target, I think 7 percent is achievable in 2015 because it allows room for a wide range of policies and measures to stimulate growth. However, to achieve high-quality growth requires much more. High-quality economic growth means the economy is driven by new points of growth rather than old ones, and an improving economic structure will support it. Consumption needs to keep rising. The percentage of disposable income in GDP and the number of new jobs created also need to rise to ensure high-quality growth.