Saturday, 24 January 2009

China This Week, Jan. 23

A weekly digest of eye-catching editorials in the Chinese media.

GDP: Not the Whole Picture

China's National Bureau of Statistics recently revised the Gross Domestic Product (GDP) growth rate for 2007 to 13 percent, an increase of 1.1 percent over the earlier published figure.

The news made headlines, not least because it meant that China had overtaken Germany as the world's third largest economy.

Amid the celebrations, however, the Shandong-based Qilu Evening News published an editorial saying GDP alone is not an all-inclusive indicator of a country's economic health and overall wellbeing.

It said compared to Germany and other economic powers, China is still developing in terms of per capita GDP, green GDP and social welfare.

For the full story, go to Ohmynews International.

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