China’s refocusing on social goals requires more than new metrics

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China's government is shifting its focus from economic growth to social and people-centered outcomes, as highlighted in Premier Li Qiang's recent work report. This shift aims to address issues stemming from the historical emphasis on rapid growth at all costs, which has incentivized local officials to prioritize short-term gains over sustainable development. This emphasis has led to problems like a property glut and wasteful vanity projects. The government is attempting to re-evaluate and change the behavior of local officials through education and a renewed focus on long-term strategic development. The goal is to achieve genuine development rather than growth based on unsustainable practices.
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