Understanding Chinese GDP
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 sou
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Understanding Chinese GDP
Xuguang Song
Understanding Chinese GDP
Xuguang Song Beijing Normal University Beijing, China Translated by Jin Chen
Funded by the Chinese Fund for the Humanities and Social Sciences
ISBN 978-981-32-9732-6 ISBN 978-981-32-9733-3 (eBook) https://doi.org/10.1007/978-981-32-9733-3 Jointly published with Peking University Press The print edition is not for sale in Mainland of China. Customers from Mainland of China please order the print book from: Peking University Press. © The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2019 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publishers, the authors, and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publishers nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publishers remain neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Palgrave Macmillan imprint is published by the registered company Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore
Preface
Does China’s GDP rank No. 1 or No. 2 in the world? After the World Bank released the results of the International Comparison Program (ICP) on April 30, 2014, this question has become a hot topic and has caught the attention of many people. When studying the ranking of China’s GDP in the world, we think of a poem written by Su Dongpo, a poet in the Song Dynasty: It’s like a range when you look at the mountain from the front. But it’s like a peak when you look at it sideways. The mountain shows its different features In different levels near and far. You don’t know the real Lushan Mountain, Because you are in the mountain yourself.
People who say Lushan Mountain is a range or a peak are all correct, because they look at the mountain from different perspectives. Similarly, those who say China’s GDP ranks No. 1 or No. 2 in the world are all right, because they focus on different aspects. It is more complex to measure a country’s GDP than observing a mountain. S
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