The Inconsistency of Qualitative and Quantitative Fluctuations in Economic Growth of China and Interpretations

Abstract

The economic growth in China shows inconsistent fluctuations in terms of the quantity and quality, featured by high speed but poor quality. This inconsistency can be identified in both gross national and provincial terms. The big quality gap between the input and output in economic growth, the high cost of resource and environment, the instable economic growth itself, and the problems in income and welfare distribution contribute to the inconsistency. To match the quality to the quantity of economic growth, economic surplus should add the gross welfare of the whole society, through routes such as promoting the change of economic development modes, fastening the upgrade of the industrial structure, developing innovative economy, strengthening asset management of resources and promoting the institution innovation.