在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

US EUROPE AFRICA ASIA 中文
Business / View

Size matters, but so does how it is calculated

By Zheng Yanpeng (China Daily) Updated: 2014-10-14 11:21

China has overtaken the United States as the world's largest economy this year, according to the International Monetary Fund's latest estimate. But unlike four years ago, when China eclipsed Japan as the world's second-largest economy, this time the news sparked muted reaction and doubts.

Measuring GDP using purchasing power parity, the IMF estimated China's GDP at $17.6 trillion, against $17.4 trillion for the US, ending the latter's position at the top that it held since 1872.

One reason for the doubts is that not everyone agrees about the validity of measuring GDP in terms of PPP.

Domestic media were quick to point to flaws in the PPP calculation, saying this method tends to overestimate developing countries' economic might.

Economists noted that measured by nominal GDP, a more common method of making cross-country comparisons, China's GDP in 2013 was 55 percent of that of the US.

Comparing figures for per capita GDP were even more revealing: China's per capita GDP, standing at $6,807 in 2013, was just 12.8 percent of that of the US.

Even in PPP terms, China's GDP per capita was only 22.4 percent of that of the US.

Some commentators even speculated that the IMF's announcement was meant to "disarm" China by excessively complimenting it. There is no evidence to back up that interpretation. Despite its irrelevance in ordinary people's lives, PPP can help economists understand different nations' economic strengths and overcome exchange-rate distortions.

But even GDP measured in PPP terms is one way to understand the sheer size of the economy, Chinese people know well that the country has many goals beyond the pursuit of GDP.

It is logical that China, with its vast area and the world's largest population, would eventually have the largest economy. But size does not make one great.

"China will definitely be the largest economic power, sooner or later. But that is not what ordinary Chinese care about. At the end of the day, ordinary Chinese care about their incomes," Alfred Schipke, senior resident representative of the IMF in China, said in May after similar economic claims emerged.

Speaking of incomes, China has more reasons to worry than to celebrate. Leaving aside the nation's vast income disparities, household incomes have remained disproportionately small while government income has grown disproportionately large in the composition of GDP.

Size matters, but so does how it is calculated

Size matters, but so does how it is calculated

IMF official: Growth slowdown welcome  China needs to boost productivity to sustain growth: IMF

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 国产黄色免费视频 | 亚洲一区二区三区在线 | 久久精品视频网站 | 鲁鲁鲁鲁鲁鲁鲁777777 | 性巴克成人免费网站 | 色婷婷视频在线观看 | 国产成人精品一区二区三区四区 | 国产伦精品一区二区三区在线 | 国产免费小视频 | 欧美日韩黄 | 黄片毛片在线观看 | 青青草网址 | 国产精品毛片va一区二区三区 | 欧美三级在线视频 | 天天综合精品 | 双性呜呜宫交受不住了h | 亚洲综合天堂 | av国产精品| av不卡在线观看 | 日本高清视频www | 91精品国产综合久久久久久 | 国产精品五区 | 国产精品免费一区 | 欧美精品一二三区 | 青青草福利视频 | av在线精品 | 精品久久久久久久久久久 | 四虎4hu永久免费网站影院 | 四虎网站在线观看 | 日韩在线欧美 | 四虎激情| 三级黄色在线观看 | 日韩高清在线播放 | 成人午夜在线视频 | 久久国内精品 | 黄色片小视频 | 久久久夜色精品亚洲 | 黄色小视频免费看 | 免费观看毛片 | 在线观看av网站 | 午夜拍拍 |