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Tuesday, February 06, 2018
Development pace should not be conducted arbitrarily
ANBOUND

Recently, 13 provinces in China, the target of local economic growth has been lowered, and government documents have emphasized the need for high-quality development. Anbound believes that the pace of change and development cannot be done arbitrarily; the conversion process undoubtedly takes time. The key is that low GDP growth does not necessarily mean high quality development. The de-focusing of GDP indicators around China should be encouraged. The previous development model will not work and the localities need to find new and effective growth points.

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