US EUROPE AFRICA ASIA 中文
Business / Economy

China's real GDP growth at around 5%: CASS

By Li Jiabao (chinadaily.com.cn) Updated: 2012-12-17 15:44

China's real GDP growth, if the costs of ecological degradation and environmental pollution are taken out, is about 5 percent, Li Yang, deputy head of the Chinese Academy of Social Sciences, told a conference on Saturday.

The costs of ecological degradation and environmental pollution accounted for 8 percent of the GDP during the 1980s and 1990s, and they dropped to about 4 percent since 2005, Li said, while emphasizing that the growth model is not sustainable.

China's GDP grew about 10 percent annually in the past three decades, but the growth rate will be less emphasized in the coming years, Li said.

Lowering costs and enhancing productivity will become more important for the country, Li said at the two-day Central Economic Work Conference over the weekend.

lijiabao@chinadaily.com.cn

 

Special Coverage:

China's real GDP growth at around 5%: CASS

 

China's GDP growth:

Govt may keep 7.5% GDP growth target: Barclays

GDP growth for next year 'to beat 2012'

2013 GDP target likely to be set at 7.5%

China's 2020 GDP forecast to reach 100t yuan

Hot Topics

Editor's Picks
...