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China's GDP figures to be revised
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Quest -
Guangzhou GDP per capita reached $8,500 USD in 2005, expected to grow 12% this year.
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roddy -
Does anyone know how they calculate GDP per capita for provinces? Surely Guangzhou in particular
has a lot of migrant workers? Are they included in the population?
Quest -
Quote:
Originally Posted by jose
Just imagine what would happen if the renminbi were to appreciate to twice its current value. All
of a sudden, China's GDP would be 4 trillion dollars. Now this sort of change in the exchange rate
won't happen overnight, but it could perfectly well happen over a period of 10 or more years, and
this factor must be combined with the growth in GDP.
2 years later, that's exactly what happened. China's GDP has surged from 2.2 trillion to 3.2
trillion USD according to the IMF, and estimated to reach 3.7 trillion by the end of 2008,
overtaking Germany, and soon Japan much earlier than previously predicted.
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