What is the real size of China's economy?

Dianqing Xu and Christer Ljungwall

China Economic Journal, 2008, vol. 1, issue 1, 97-105

Abstract: On 20 December 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% of GDP. Based on previous studies and other observations, this paper point outs that there is still significant underreporting of the service industry and, hence, China's GDP is likely to be underestimated. We find a plausible share of service industry in GDP to be in the range of at least 45% to 55%.

Date: 2008
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DOI: 10.1080/17538960701770521

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