An unauthorised steel factory in Inner Mongolia. Moving the focus away from growth could enable China to focus on other matters, such as the environment. Photo: Getty Images
Opinion
Opinion
China’s decision to drop economic growth target is a blessing in disguise
- The more Beijing weans itself off growth as the economic metric, the freer it will be to concentrate on the environment, health and education
- Growth targets inevitably lock developing countries into a Western model of economic policy and a Western notion of how globalisation should work
An unauthorised steel factory in Inner Mongolia. Moving the focus away from growth could enable China to focus on other matters, such as the environment. Photo: Getty Images