日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

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: 一级片中文字幕 | 91精品国产综合久久久密臀九色 | 茄子香蕉视频 | 久久dvd| 精品小视频 | 色综合视频在线观看 | 国产探花一区 | a天堂资源在线 | 国产精品国产精品国产 | 97自拍视频| 久在线观看 | 成人免费在线观看 | 国产最新网址 | 欧美久久久久久久久久久久 | 天天碰天天干 | 亚洲一区和二区 | 男女视频一区二区 | 中文字幕 亚洲一区 | 欧美放荡性医生videos | 亚洲成人免费av | 日韩在线三区 | 玩偶姐姐在线观看免费 | 久久综合影院 | 国产视频分类 | 欧美久久久久久久久久久 | 免费成人深夜夜 | 黄色片一区 | 99精品在线播放 | 女人天堂网站 | 国产三级在线播放 | 亚洲视频黄 | 国产精品3区| 亚洲最大av网站 | 婷婷在线综合 | 欧美资源在线 | 1级黄色大片儿 | 成人精品999 | 国产日韩视频在线观看 | 女同久久另类69精品国产 | 麻豆久久久久 | 国产精品最新 |