China:
.............................................2010..............2011 .................2012 ...............2013................ 2014
Population (million) ............1,341 ............1,347 ...............1,354 ...............1,361 ................1,368
GDP per capita (USD)......... 4,510............ 5,579 ..............6,264 ...............7,040 ..............7,574
GDP (USD bn) .....................6,048 ...........7,516............... 8,481 ...............9,579 .............10,360
Economic Growth (GDP, annual variation in %) .10.5............ 9.3 .................7.7 ....................7.7.................... 7.4
(source: The China Economic Report)
If we look at the Economic growth in actual $s rather than in %age we get
$ Growth................................$547Billion...$1.46 trillion....$965 Billion...$1.098 Trillion...$781 Billion
This rate of economic growth in $ terms is still quite formidable. The prophets of China doom
only see the drop in %age terms and fail to comprehend China's narrowing the gap between itself and the USA
for the World's biggest economy. If the US economy had grown at an average of $Trillion a year over the past
4 years we'd never hear the end of it which is a shame because most of our trade is with China; not the USA.
MM
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