Arthur Kroeber by Fantake via FlickrChina should focus more on the quality of its economic growth and less on the quantity, says economic analyst Arthur Kroeber in ABS-CBN news, now China is getting its rightful place in the world’s economic pick order.
The passing of the baton to China is inevitable, said Arthur Kroeber, managing director of the Dragonomics consultancy in Beijing — but the far more important issue is the quality of its economic growth.
Policymakers need to take a stand against a growth-at-any-cost mentality that, according to Kroeber, “is still very alive throughout the government bureaucracy”.
“In fact, insisting on that high growth rate (above 8%) may introduce more distortions into the economy and we really need to focus on how we improve the quality of growth,” said Kroeber.
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Arthur Kroeber is a speaker at the China Speakers Bureau. Do you need him at your meeting of conference? Do get in touch.
