The productivity gain for all of 2002 was still the best in more than 50 years, however.
But productivity gains for 2002 were still the best in more than 50 years.
And when people work from the heart, productivity gains result.
Today, because of productivity gains, growth rates have to be much higher.
"But the bottom line is that China still has much to do in terms of productivity gains."
The only way to improve the standard of living is through productivity gains.
In part, that is because the sources of productivity gains have changed.
Productivity gains, for the most part, come from cost savings.
Also, without the potential productivity gains from the surplus, the economy would be less able to support them.
Very substantial productivity gains are still possible and should be expected.