#GDP is the product of the industrial economy. In the era of digital economy, we need to establish a new indicator system，said CF40 member Peng Wensheng. mp.weixin.qq.com/s/RcffZQ2GBMso…
Recently, there is a hot debate within the economics community regarding whether China should maintain the GDP growth “above 6%".
The importance of traditional GDP has declined in the #digitaleconomy era, according to Peng.
China should pay more attention to employment, education, health care, R & D investment and other indexes which directly reflect the potential of people's livelihood and economic development.
Meanwhile, Xu Gao, Chief Economist of BOCI Securities believes that "6%" is not a magic number. Whether GDP growth rate would fall below it or not doesn't make much difference from the perspective of the short-term operation of real economy.
However, a key issue involved in the debate-China's potential output level-must be analyzed clearly to avoid misleading.
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