GDP not the be all and end all

According to a new gross domestic product accounting system adopted by the National Bureau of Statistics, China's GDP in 2015 increased by 879.8 billion yuan ($131.76 billion), an increase of 1.03 percent in size.

The new GDP system was adopted to incorporate the emergence of new commercial activities and the large volume of non-monetary transactions, which were not included in the previous national economic measurement system.

The reason why China created 13 million new jobs in 2015 despite its economic deceleration is that many new economic activities played an important role in expanding employment.