March 22, 2023 00:28 GMT
Total Factor Productivity Key For High Quality Growth
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Improving total factor productivity is the key to achieving high quality growth of around 5% over the next 10 years, according to economists speaking at the Peking University's Policy Analysis Conference. To boost productivity, experts called for reforms to state-owned enterprises, improvements to intellectual property rights, and more private enterprise creativity. In the short term, it is necessary to make good use of macro policies to secure the economic recovery, which will provide long term benefits and technological strength.