From Bloomberg:
China’s President Xi Jinping said
officials shouldn’t be judged solely on their record in boosting
gross domestic product, the latest signal that policy makers are
prepared to tolerate slower economic expansion.
The Communist Party should instead place more importance on
achievements in improving people’s livelihood, social
development and environmental quality when evaluating the
performance of officials, the Xinhua News Agency reported June
29, citing Xi at a meeting on personnel management on the eve of
the 92nd anniversary of the party’s founding.
This is very important development and public statement, as it indicates that non-GDP measures will now be officially considered when assessing performance. Note especially the environmental quality statement. China is an environmental hazard zone. They could probably subsidize and industry meant to clean up the pollution and get another 2%-3% growth for their GDP total.
