Bloomberg (November 1)
2015/ 11/ 02 by jd in Global News
“China should dethrone its GDP target.” While many expect the Government to lower its GDP target to around 6.5% in the coming five-year plan, it would be better to scrap the target altogether. “The government should do all it can to promote rapid sustainable growth— but now that China is a semicapitalist economy, what that number turns out to be is beyond official control.” Suggesting otherwise, ultimately undercuts Government’s authority with wasteful local investment and data fudging. “Scrapping the GDP target outright would be best.”
Tags: Authority, China, Data fudging, Economy, GDP, Government, Growth, Investment, Official control, Semicapitalist, Target, Waste
