综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

  Home>News Center>China
       
 

China moves to fourth in global GDP rankings
(Reuters/chinadaily.com.cn)
Updated: 2005-12-14 08:53

Economists said an upward revision of 20 percent, as reported by the Hong Kong-based South China Morning Post, would be in line with their own estimates -- or could even be too modest.


A Shanghai port is seen in this photo taken on May 10, 2005. [newsphoto]

Chen Xingdong, chief China economist for BNP Paribas Peregrine in Beijing, said he would not be surprised if the NBS revised up its estimate of China's GDP, which totalled $1.65 trillion in 2004, by 15 percent to 20 percent.

China's number-crunchers have failed to capture the boom in small and medium-sized industrial enterprises, Chen said.

"We always argue that it has been largely underestimated for a long, long time," he said. "Even a number like 15 percent is not that large for us."

Dong Tao, chief economist for non-Japan Asia at Credit Suisse First Boston (Hong Kong) Ltd., said China's GDP would still be understated even if it was revised up by $300 billion.

"There's a massive under-reporting of GDP in the service sector," Tao said.

He cited the relatively low quality of data collection in China as one reason for that. Economists have long pointed to shortcomings in China's statistics, due to a central planning legacy that put priority on collecting data on the production of physical goods from state-owned enterprises.

Tao said another reason was that many service enterprises fall through the statisticians' net because they fail to report income for tax reasons.

"Just take a walk into any restaurant in Shenzhen or Beijing. If you buy a meal without asking for the receipt, for tax reasons these things will not be in China's GDP," he said.

France came fifth in the World Bank's rankings, with 2004 GDP of $2.00 trillion, and Italy sixth, with output of $1.67 trillion. The United States, followed by Japan and Germany, topped the list.


Page: 12



68th anniversary of Nanjing Massacre marked
China-Thailand navy drill
68th Anniversary of Nanjing Massacre Marked
  Today's Top News     Top China News
 

China moves to fourth in global GDP rankings

 

   
 

Japan's huge military expense questioned

 

   
 

68th anniversary of massacre marked

 

   
 

Putin: Toxic spill incident not to hurt ties

 

   
 

Drive for donations gets fillip

 

   
 

Yuan gains; revaluation pressure to ease

 

   
  China moves to fourth in global GDP rankings
   
  Demonstrators jump into the sea to protest
   
  Private firms crucial for employment
   
  Nation to tighten regulation of donations
   
  New blacklist to supervise employers
   
  Gas supply cut off due to shortage
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
九寨沟县| 鱼台县| 沽源县| 磐石市| 嘉善县| 尉犁县| 嘉定区| 沛县| 中卫市| 万盛区| 定结县| 岳西县| 贡觉县| 峨眉山市| 勃利县| 财经| 琼结县| 岳阳县| 揭西县| 景东| 湘阴县| 铁力市| 长春市| 安泽县| 肥东县| 花垣县| 石家庄市| 临夏市| 交城县| 津市市| 明溪县| 分宜县| 汽车| 滨州市| 外汇| 饶阳县| 邻水| 武邑县| 长垣县| 越西县| 晋宁县|