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What is the Real Size of China's Economy?

Author

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  • Dianqing Xu

    (CCER)

  • Christer Ljungwall

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

Suggested Citation

  • Dianqing Xu & Christer Ljungwall, 2007. "What is the Real Size of China's Economy?," Macroeconomics Working Papers 21977, East Asian Bureau of Economic Research.
    • Handle: RePEc:eab:macroe:21977
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    File URL: http://www.eaber.org/node/21977
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    References listed on IDEAS

    as
    1. Harry X. Wu, 2006. "The Chinese GDP Growth Rate Puzzle: How Fast Has the Chinese Economy Grown?," Hi-Stat Discussion Paper Series d06-176, Institute of Economic Research, Hitotsubashi University.
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    More about this item

    Keywords

    China; National Account;

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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