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Understanding Chinese GDP

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  • © 2019

Overview

Authors:
  1. Xuguang Song

    1. Beijing Normal University, Beijing, China

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  • Explains the mathematics behind calculating Chinese GDP

  • Investigates the idea of "quality" GDP growth, and the shift towards sustainable development

  • Examines the ways that Chinese GDP growth is distributed to citizens, giving spending power to a new middle class

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Table of contents (14 chapters)

  1. Front Matter

    Pages i-xxi
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  2. One Dropped Pebble Creates a Thousand Ripples

    • Xuguang Song
    Pages 1-15

  3. Re-examining Some Problems in the Methodology of International Economic Comparison

    • Xuguang Song
    Pages 17-36

  4. Limitations of the Exchange Rate Method

    • Xuguang Song
    Pages 37-53

  5. Viewing and Applying the PPP Correctly

    • Xuguang Song
    Pages 55-95

  6. Understanding PPP Through Examples

    • Xuguang Song
    Pages 97-106

  7. Calculating China’s GDP

    • Xuguang Song
    Pages 107-132

  8. Confusion in the Service Industry Data

    • Xuguang Song
    Pages 133-167

  9. Similarities and Differences Between GDP and GNI

    • Xuguang Song
    Pages 169-199

  10. National Power and Processing Depth Coefficient

    • Xuguang Song
    Pages 201-232

  11. Comparisons of People’s Standard of Living

    • Xuguang Song
    Pages 233-247

  12. Rankings of Countries in Terms of Energy, Per Capita Arable Land, Water Resources, and Expenditures on Medical and Health Care

    • Xuguang Song
    Pages 249-254

  13. Changes in the GDP Rankings

    • Xuguang Song
    Pages 255-287

  14. Economic Scale, the United Nations Membership Dues, and Shares of the World Bank

    • Xuguang Song
    Pages 289-303

  15. ICP Shock

    • Xuguang Song
    Pages 305-316

  16. Back Matter

    Pages 317-355
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Keywords

About this book

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.


Authors and Affiliations

  • Beijing Normal University, Beijing, China

    Xuguang Song

About the author

Xuguang Song, Ph.D. in Economics, is Professor and Dean of the School of Statistics at Beijing Normal University, China. He also serves as vice president of the National Statistical Society of China and the Statistical Education Society of China. He has published numerous articles internationally and four books in the area of economic statistics. 

Bibliographic Information

  • Book Title: Understanding Chinese GDP

  • Authors: Xuguang Song

  • DOI: https://doi.org/10.1007/978-981-32-9733-3

  • Publisher: Palgrave Macmillan Singapore

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2019

  • Hardcover ISBN: 978-981-32-9732-6Published: 16 December 2019

  • Softcover ISBN: 978-981-32-9735-7Published: 10 January 2021

  • eBook ISBN: 978-981-32-9733-3Published: 04 December 2019

  • Edition Number: 1

  • Number of Pages: XXI, 355

  • Number of Illustrations: 20 b/w illustrations, 11 illustrations in colour

  • Topics: Asian Economics, Development Theory, Asian Politics

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