The Chinese reform to put more value....>

CHINA PRESS: The Chinese reform to put more value on the quality of economic

growth instead of the speed of economic growth is not only a goal but is also

being actively implemented in various areas, official China Central Television

(CCTV) reported Tuesday. A new "Green Development Index" is about to be launched

by the National Bureau of Statistics to measure metrics including environmental

protection, the quality of economic growth and the degree of public

satisfaction, CCTV reported. An NBS official said it aims to guide local

governments to shift their focus to the quality of economic growth and

production efficiency from purely pursuing faster GDP growth. The China Economic

Prosperity Monitoring Center, a department under the NBS, is revising its

calculations to reduce the proportion of industrial investment and increase the

proportion of new growth drivers and the service sector, especially consumption,

in its economic indices. China's economy is stepping into a new era of high

quality, increasingly driven by innovation, CCTV said. (China Central

Television)