Economics
Ousted Bo’s ‘Chongqing Model’ Outpaced Peers: Chart of the Day
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Bo Xilai, whose policies lured billions of dollars in foreign investment and thousands of jobs to China’s most-populous municipality, leaves a legacy of economic growth that outpaced rivals’ after he was sacked as Chongqing’s highest official.
The CHART OF THE DAY tracks growth in per-capita economic output against the other municipalities -- Beijing, Shanghai and Tianjin -- and neighboring Sichuan province. The lower panel shows electricity output gains were also faster in Chongqing, where Bo, the son of one of the founders of the People’s Republic, took the helm in December 2007. Figures are based on government data compiled by Bloomberg in percentages using Dec. 31, 2006 as a starting base.