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The Next Asian Crisis: Made in China?

In: Phantom of the China Economic Threat

Author

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  • Chi Lo

Abstract

China’s opaque system is not helping others to understand her role vis-a-vis the global economy. Even in basic economic information like GDP reports, China has failed to give a clear picture for assessment. For example, the national GDP growth data that Beijing announces every year never tally with the aggregate provincial growth data. Total provincial GDP is always higher than the national GDP. The disparity has grown by an ever-wider margin since 1995. In 2002, the provincial total output was reported 14% larger than the national output, and in 2004 that disparity grew to over 16%. As a result, the GDP growth rate of the provincial total is also higher than the national rate.

Suggested Citation

  • Chi Lo, 2006. "The Next Asian Crisis: Made in China?," Palgrave Macmillan Books, in: Phantom of the China Economic Threat, chapter 4, pages 61-84, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-62629-4_4
    DOI: 10.1057/9780230626294_4
    as

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