Home>News Center>China
       
 

Analysts expect China to revise GDP by 20%
(AFP)
Updated: 2005-12-18 13:51

China will leapfrog Italy, France, and Britain to be officially recognized as the world's fourth-biggest economy if, as expected, it revises up its 2004 gross domestic product by nearly US$300 billion, analysts said.

"As if China's economy was not growing fast enough, thanks to a statistical revision, growth in 2005 looks like being about 30 percent," Standard Chartered economist Stephen Green said in a research note.


Shoppers get into the Christmas spirit at a shopping mall in Beijing. China will leapfrog Italy, France, and Britain to be officially recognized as the world's fourth-biggest economy if, as expected, it revises up its 2004 gross domestic product by nearly US$300 billion, analysts said. [AFP]
China's National Bureau of Statistics is expected to announce Tuesday the results from the country's first nationwide economic census, which, according to Hong Kong's South China Morning Post, will show that China's GDP has been understated by some US$300 billion.

"The recent national economic survey has apparently found another 2.4 trillion yuan (US$296 billion) worth of output," Green said.

The new-found figure is equivalent to 17.5 percent of last year's GDP.

"Most of the extra output is in services since the statistical apparatus is not that good at measuring the sector," Green said.

"The change will also affect our understanding of investment. It is still growing fast, but the economy should become a little less dependent upon it."

Officials from the statistics bureau refused to comment, but a spokeswoman from the cabinet-level China Economy Census Office, the office that took the census, told AFP that such media reports were "baseless."

"The specific GDP figures will be published on December 20. What has been reported in various media is baseless," the spokeswoman, who refused to identify herself, told AFP.

Green said the revised figures would greatly bolster per capita GDP, while lowering China's external debt in terms of its percentage to GDP as well as the country's burdensome non-performing-loan/GDP ratio.

"The IMF (International Monetary Fund) was looking for domestic debt at year-end 2005 to be worth 19.6 percent of GDP. That can now be revised down to about 16 percent," Green said.

Other analysts agreed that the revised figures would allow the Chinese government to spout more good news about its booming economy, but expressed caution about the intentions behind the move.

"They are making this announcement for two purposes. The government has been criticized for over-investment, so this will make the investment a smaller percentage of GDP," Andy Xie, chief Hong Kong-based economist for Morgan Stanley, told AFP.

"Also they want to sustain optimism, especially optimism among foreign investors."



Skiing in bikini
Beijing's tallest building
Donating blood for the wounded
  Today's Top News     Top China News
 

Bush: Eavesdropping helps save US lives

 

   
 

Analysts expect China to revise GDP by 20%

 

   
 

WTO negotiators reach sweeping trade deal

 

   
 

Closing gap between haves and have-nots

 

   
 

145 Chinese businessmen released in Manila

 

   
 

Japan opp leader maintains hawkish to China

 

   
  Sewage plant collapse kills 3 in N. China city
   
  Top legislature mulls abolishing agricultural tax regulation
   
  Migrant children need helping hand
   
  Special care for least developed urged
   
  Ministry aims for greater resource dig
   
  Sony stops distribution of substandard cameras
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
China moves to fourth in global GDP rankings
   
Nation's GDP to grow 9.4% in 2006
   
China's economy to grow by 9.4 pct this year
   
World Bank upwardly adjusts GDP growth
   
GDP up 9.4% on back of spending
   
Premier: GDP to exceed US$1.85 trillion in 2005
  News Talk  
  It is time to prepare for Beijing - 2008  
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 雯雯的性调教日记h全文| 一本高清在线视频| 欧美影院网站视频观看| 免费**毛片在线播放视| 自拍欧美在线综合另类| 国产在线观看色| 亚洲视频一区二区三区四区| 国产超级乱淫视频播放| a级黄色毛片三| 少妇被躁爽到高潮无码文| 久久久久国产精品免费免费不卡 | 四虎国产精品永久地址99| 香蕉精品视频在线观看| 国产放荡对白视频在线观看| 尤物视频www| 国产肥老上视频| 99re热这里只有精品| 天天色天天干天天射| 一本久久综合亚洲鲁鲁五月天| 手机在线看片国产| 久久av高潮av无码av喷吹| 日本邪恶全彩工囗囗番3d| 久久综合色之久久综合| 最近最新中文字幕8| 亚洲人成人一区二区三区| 欧美日韩亚洲一区| 亚洲欧美视频网站| 波多野吉衣一区二区| 人人妻人人澡人人爽人人dvd| 痴汉の电梯在线播放| 免费观看成年人网站| 精品亚洲成AV人在线观看| 午夜dj在线观看免费高清在线| 精品综合久久久久久蜜月| 嗯啊h客厅hh青梅h涨奶| 翁熄系列乱老扒bd在线播放| 国产ts精品系列米兰| 肉色无边(高h)| 四虎国产精品永久在线播放| 老鸭窝在线视频观看| 四虎成人免费大片在线|