gdp takes back seat to cutting overcapacity
Last Updated : GMT 11:37:27
Arab Today, arab today
Arab Today, arab today

GDP takes back seat to cutting overcapacity

Arab Today, arab today

Arab Today, arab today GDP takes back seat to cutting overcapacity

Beijing - XINHUA

For Hebei Governor Zhang Qingwei, economic growth is no longer his top priority; instead, GDP growth has become something of a burden. "Officials will be dismissed immediately if the capacity of heavy industries, including iron, steel, cement and glass, has risen, even by only a ton," he said during the annual session of the Hebei Provincial People's Congress last week. A list of China's top 10 polluted cities, released by the Ministry of Environmental Protection last year, named seven cities in Hebei, a neighboring province to Beijing. Data released by the National Bureau of Statistics showed that steel production in Hebei province in the first quarter of 2013 was 191 million tons, accounting for 27.5 percent of the country's total amount. In an effort to control emissions, the government cut the production of steel by 7.88 million tons, iron by 5.86 million tons, cement by 17.16 million tons and glass by 14.88 million tons last year, according to the provincial government work report. To tackle overcapacity, the provincial government set a goal in mid-January to cut the production of iron and steel by 60 million tons, cement by 60 million tons and glass by 30 million tons by 2017. "We will attach greater importance to the quality of economic development rather than just the speed," Zhang said. The announcement came months after the Organization Department of the Communist Party of China Central Committee decided on a new system to evaluate officials, abandoning much of the focus on GDP. In July, President Xi Jinping urged that tackling overcapacity should be a priority, with increased efforts directed to boost industrial restructuring. "Unswerving efforts will be made to tackle overcapacity," said a statement released after the Central Economic Work Conference in December. During the sessions of the provincial people's congress in January, many provinces, including Fujian, Shaanxi, Guizhou and Henan, lowered their forecast for this year's GDP growth. The GDP goals set by governments of less-developed western inland regions have seen larger drops than the coastal regions. For example, GDP growth rate set for 2014 is 10 percent in Ningxia Hui autonomous region, which is 2 percentage points lower than in 2013, according to the regional people's congress. The governments of Shandong and Fujian provinces both lowered their GDP growth by 0.5 percentage points this year. Zhang Wufeng, director of the Shandong Development and Reform Commission, said local growth was mainly stimulated by government investment in recent years, and the high consumption of energy was unsustainable. "Only by lowering GDP growth and increasing efforts to raise people's livelihoods, will development be sustainable," he said. Wang Yukai, a professor of public administration with the Chinese Academy of Governance, said that GDP growth has been a leading factor in evaluating government officials' performance since the 1980s, but such an evaluation system did not take the environment and energy factors into consideration, Wang said. To seek rapid GDP growth, government officials tended to build large but useless projects at high cost, which often did not benefit the public at all, he said.

arabstoday
arabstoday

GMT 03:39 2017 Friday ,24 November

European markets wobble amid US Thanksgiving holiday

GMT 22:09 2017 Thursday ,23 November

Bahrain Bourse daily trading performance

GMT 02:02 2017 Thursday ,23 November

Asian markets rally after Wall St lead, euro struggles

GMT 22:40 2017 Wednesday ,22 November

Bahrain Bourse daily trading performance

GMT 11:50 2017 Tuesday ,21 November

European stocks shrug off Germany's political woes

GMT 03:59 2017 Tuesday ,21 November

Weekly inflation decreases by 0.88%

GMT 23:50 2017 Monday ,20 November

Bahrain Bourse daily trading performance

GMT 14:54 2017 Sunday ,19 November

Bahrain Bourse daily trading performance
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gdp takes back seat to cutting overcapacity gdp takes back seat to cutting overcapacity

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gdp takes back seat to cutting overcapacity gdp takes back seat to cutting overcapacity

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Saudis clear passenger flights

GMT 08:38 2017 Saturday ,25 November

Saudis clear passenger flights
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Germany's SPD says ready for talks

GMT 11:28 2017 Saturday ,25 November

Germany's SPD says ready for talks
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today 'Trash islands' off Central America indicate

GMT 20:19 2017 Friday ,24 November

'Trash islands' off Central America indicate
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Heidy underlines works like “Seventh Neighbor”

GMT 13:59 2017 Thursday ,23 November

Heidy underlines works like “Seventh Neighbor”
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 07:53 2017 Friday ,24 November

To Debate Ethics of Euthanasia

GMT 10:39 2017 Thursday ,23 November

Air China suspends flights to North Korea

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday