BCG: Growth determined by capabilities
By Yang Ning | China Daily | Updated: 2011-05-10 07:56
BEIJING - China's gross domestic product (GDP) is expected to triple to $17.7 trillion from the current $5.9 trillion by 2030, and growth must be built on sustained investment in the capabilities of individuals and teams.
That's the conclusion of a report published by Boston Consulting Group (BCG) on Friday.
By 2030, the country's GDP is projected to increase by $11.8 trillion, of which around 62 percent, or $7.3 trillion, will come from investment in economic "software" - business model innovation, professionalization, employee training and the manufacturer of higher value-added products - said the report.
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