Economics

Xi Says GDP Not Officials’ Sole Focus in Signal on Growth

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China’s President Xi Jinping said officials shouldn’t be judged solely on their record in boosting gross domestic product, the latest signal that policy makers are prepared to tolerate slower economic expansion.

The Communist Party should instead place more importance on achievements in improving people’s livelihood, social development and environmental quality when evaluating the performance of officials, the Xinhua News AgencyBloomberg Terminal reported June 29, citing Xi at a meeting on personnel management on the eve of the 92nd anniversary of the party’s founding.