NO. 305 JUNE 2024 ADB BRIEFS KEY POINTS • Serious degradation of ecosystem assets and services has led to the development of an environmental related indicator for national accounting alongside gross domestic product. • Natural capital accounting (NCA) uses biophysical and monetary metrics to measure and report the status and economic value of natural resources and ecosystem services. • The People's Republic of China (PRC) has a long history of developing and promoting the gross ecosystem product (GEP) indi ...