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Published in:
2009 | OriginalPaper | Chapter
Recent Trends in China’s Distribution of Income and Consumption: A Review of the Evidence
Authors : Eric D. Ramstetter, Erbiao Dai, Hiroshi Sakamoto
Published in: Resurgent China
Publisher: Palgrave Macmillan UK
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It is well known that China’s economy has grown very rapidly in recent years, though there is some controversy over precisely how fast economic growth has been. For example, the new (revised) series on Gross Domestic Product (GDP) suggest that between 1993 and 2004, China’s per capita GDP increased 4.1 times in nominal terms and 2.7 times in real terms (Tables 6.1, 6.2).1 The old national estimates suggest a somewhat slower increase, 3.6-fold and 2.3-fold, respectively, but the old region-based estimates indicate a more rapid increase for the nation, 4.4-fold and 3.0-fold, respectively. The new national series is probably the most accurate because it incorporates new data and estimation techniques.