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China’s tech hub Shenzhen moves ahead with GDP alternative that measures value of ecosystem goods and services

Summary:
[unable to retrieve full-text content]China’s technology hub of Shenzhen claims to have established the first complete system of accounting that will focus on the contributions made by resources and the environment to the local economy, that could potentially replace traditional gross domestic product (GDP) to define the development of the city. The introduction of the gross ecosystem product (GEP) system comes as China is looking to play down the importance of its GDP growth rate after Beijing dropped a specific numerical target…

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[unable to retrieve full-text content]
China’s technology hub of Shenzhen claims to have established the first complete system of accounting that will focus on the contributions made by resources and the environment to the local economy, that could potentially replace traditional gross domestic product (GDP) to define the development of the city. The introduction of the gross ecosystem product (GEP) system comes as China is looking to play down the importance of its GDP growth rate after Beijing dropped a specific numerical target…

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