Measuring China's Economic Performance

Andreas (Andy) Jobst and Harry Wu (harry.wu@ier.hit-u.ac.jp)
Authors registered in the RePEc Author Service: Angus Maddison

World Economics, 2008, vol. 9, issue 2, 13-44

Abstract: China is the world's fastest growing economy and is also the second largest. However, the official estimates of the Chinese National Bureau of Statistics exaggerate GDP growth and need adjustment to conform to international norms as set out in the 1993 System of National Accounts (SNA). This paper presents and discusses the necessary adjustments. The two major contributions are new volume indices for the industrial sector and for "non-material" services. Finally, in order to measure the level of Chinese GDP in internationally comparable terms, the authors use a measure of purchasing power parity (PPP) instead of the exchange rate.

Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:wej:wldecn:330

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