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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.
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.
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