In the rush to demonise China over trade, the West has failed to give Beijing enough credit for its green leadership
- China is focusing on sustainability when its per capita output is barely more than one-third that of advanced economies. A relatively poor nation has made a conscious choice to shift from the quantity to the quality of growth. The West should take note
In the past 12 years, China’s economic structure has shifted dramatically from excessive reliance on smokestack manufacturing industries to low-carbon services. Back in 2006, the so-called secondary sector of gross domestic product – largely manufacturing but also including construction and utility production – accounted for 48 per cent of Chinese GDP, while the tertiary, or services, sector accounted for just 42 per cent.
By 2018, the shares had been reversed – 41 per cent of GDP for the secondary sector and 52 per cent for services. For large economies, structural changes of this magnitude in such a short period are virtually unprecedented.
The leadership concluded that the economy could no longer afford to stay the energy- and pollution-intensive course set by Deng Xiaoping’s hyper-growth gambit in the early 1980s.
