Bye Bye GDP. you won't be missed: Chinese President Xi Jinping sets sights on ‘affluent society’ goal as Covid-19 comes under control (SCMP)

Communist Party chief has been on the road to promote the message that time is ripe to get the economy back up and running, as deadline on first ‘centenary goal’ looms. He also encouraged them to speed up the diversification of the local economy to reduce dependence on traditional industries like coal and energy. Xi also appeared to be signalling that the “affluent society” target could be redefined using measurements other than just gross domestic product, he said. “So it’s possible for him to declare that the objective has been achieved by citing progress in areas like environment or technology.”

Related: The Affluent Society is a 1958 book by Harvard economist John Kenneth Galbraith.

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