Free Trial

China Can Boost Productivity Using New Growth Engines

CHINA PRESS

China can increase its total factor productivity (TFP) growth rate to 2.5% and above to better meet its 2035 target to double its GDP from 2020, according to Professor Liu Qiao, dean at Guanghua School of Management, Peking University. Liu said policymakers can increase productivity via industrial transformation and new infrastructure which focuses on 5G/6G, big data and artificial intelligence among others. Further TFP gains will come from strengthening weak areas of manufacturing supply chains and building new major industries such as aerospace and transportation power. (Source: Yicai)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.