While capital has been the largest contributor to China's GDP, the economy's total factor productivity performance has been impressive. Photo: AFP While capital has been the largest contributor to China's GDP, the economy's total factor productivity performance has been impressive. Photo: AFP
While capital has been the largest contributor to China's GDP, the economy's total factor productivity performance has been impressive. Photo: AFP

Rethinking the role of efficiency in China's growth model

Zhang Jun says their co-existence shows debate on extensive versus intensive models is misguided

While capital has been the largest contributor to China's GDP, the economy's total factor productivity performance has been impressive. Photo: AFP While capital has been the largest contributor to China's GDP, the economy's total factor productivity performance has been impressive. Photo: AFP
While capital has been the largest contributor to China's GDP, the economy's total factor productivity performance has been impressive. Photo: AFP
READ FULL ARTICLE