Understanding Chinese GDP 1st edition by Xuguang Song 9813297333 9789813297333

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ISBN-10 :  9813297333 

ISBN-13 :  9789813297333

Author:  Xuguang Song 

This book provides in-depth analyses on accounting methods of GDP, statistic calibers and comparative perspectives on Chinese GDP. Beginning with an exploration of international comparisons of GDP, the book introduces the theoretical backgrounds, data sources, algorithms of the exchange rate method and the purchasing power parity method and discusses the advantages, disadvantages, and the latest developments in the two methods. This book further elaborates on the reasons for the imperfections of the Chinese GDP data including limitations of current statistical techniques and the accounting system, as well as the relatively confusing statistics for the service industry. The authors then make suggestions for improvement. Finally, the authors emphasize that evaluation of a country’s economy and social development should not be solely limited to GDP, but should focus more on indicators of the comprehensive national power, national welfare, and the people’s livelihood. This book will be of interest to economists, China-watchers, and scholars of geopolitics.

Understanding Chinese GDP 1st Table of contents:

1. One Dropped Pebble Creates a Thousand Ripples
2. Re-examining Some Problems in the Methodology of International Economic Comparison
3. Limitations of the Exchange Rate Method
4. Viewing and Applying the PPP Correctly
5. Understanding PPP Through Examples
6. Calculating China’s GDP
7. Confusion in the Service Industry Data
8. Similarities and Differences Between GDP and GNI
9. National Power and Processing Depth Coefficient
10. Comparisons of People’s Standard of Living
11. Rankings of Countries in Terms of Energy, Per Capita Arable Land, Water Resources, and Expenditures on Medical and Health Care
12. Changes in the GDP Rankings
13. Economic Scale, the United Nations Membership Dues, and Shares of the World Bank
14. ICP Shock

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Tags: Understanding, Chinese GDP, Xuguang Song, statistic calibers