What is the Real Size of China's Economy?
AbstractOn December 20, 2005, China's National Bureau of Statistics adjusted China's nominal GDP by CNY 2.3 trillion. The bulk of this upward adjustment was attributed to improved coverage of value-added by services. The service industry now makes-up 40 percent of GDP. Based on previous studies and other observations, this paper point out that there is still significant under-reporting of the service industry and, hence China's GDP is likely underestimated. We find a plausible share of service industry in GDP to be in the range of at least 45 to 55 percent
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Bibliographic InfoPaper provided by East Asian Bureau of Economic Research in its series Macroeconomics Working Papers with number 21977.
Date of creation: Jan 2007
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China; National Account;
Find related papers by JEL classification:
- E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
- O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
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