What is the Real Size of China's Economy?

Dianqing Xu and Christer Ljungwall
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Dianqing Xu: CCER

Macroeconomics Working Papers from East Asian Bureau of Economic Research

Abstract: On 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

Keywords: China; National Account (search for similar items in EconPapers)
JEL-codes: E01 O53 (search for similar items in EconPapers)
Date: 2007-01
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