(ECNS) - A blue paper has suggested Beijing to reduce its expected GDP growth rate to about six percent to ease development pressures and environmental concerns.
Historically, the Chinese capital has had a lower GDP growth rate than the national average, especially during times of economic downturn. Based on this, Beijing can expect its GDP growth rate to remain below seven percent for a while, according to the Annual Report on Economic Development of Beijing (2014-2015) released Tuesday.
The report was jointly drafted by the Beijing Academy of Social Sciences and the Social Sciences Academic Press (China).
For economies in general, GDP growth rates have fluctuated between two and six percent in the late phase of the industrial age and even post-industrial age. Beijing entered the post-industrial age in 2007 and went on to find its way in the primary phase of a developed economy.
The revised GDP growth will ease pressure on Beijing's infrastructures, including water, electricity, oil and transportation. It will also reduce pressure on industries and manufacturers to emit extra pollution, easing Beijing's so called "urban disease," which results from the conflict between an expanding population and limited resources.
The report encourages Beijing to move toward regional integration with neighboring Tianjin city and Hebei province on multiple fronts, including population management, industrial upgrades, traffic improvement and environmental protection.
