China's 2011 GDP:

Discussion in 'China' started by cir, Jan 17, 2012.

  1. cir

    cir Senior Member Senior Member

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    47.1564 trillion RMB or yuan。

    Using year-end market exchange rates of 6.294 yuan for 1 US dollar,China's GDP for 2011 is $7.5 trillion.

    The preliminary estimate is subject to revisions in Sept. 2012 and Jan. 2013. If past experiences are any guide, the final reading is likely to be in the region of 47.25-47.35 trillion yuan.

    Here is my 2 cents for 2012: $9 [=47.25*1.16(8.5% real growth, 4.0% CPI and 7.5% implicit price deflator)/6.1] trillion.
     
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  3. cir

    cir Senior Member Senior Member

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  4. RedDragon

    RedDragon Regular Member

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    The number raised so fast, especially measured in USD. Now we should start focus on how to improve people's life and living condition.
     
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  5. cir

    cir Senior Member Senior Member

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    Totally agree.

    Relatively fast growth, i.e. annual GDP expansion of $1.5 trillion or thereabout, is also assured for the next 20 years.

    Fair distributions of income and economic opportunity are the keys to sustaining improvement of living standards for all and a harmonious society.
     
  6. cir

    cir Senior Member Senior Member

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    JANUARY 16, 2012, 11:55 P.M. ET.

    China Statistics Chief: Should Be 'Confident' In 2012 GDP Outlook

    -- China should be "confident" in its 2012 economic outlook, says China's statistics bureau chief

    -- Fourth-quarter gross domestic product growth of 8.9% is "within a normal range," he says

    -- China still faces medium- to long-term price pressures

    -- China should maintain a proactive fiscal policy and prudent monetary policy

    By Owen Fletcher
    Of DOW JONES NEWSWIRES

    BEIJING (Dow Jones)--China should be "confident" of its economic performance this year, despite gloomy economic prospects for the European Union and the U.S., Statistics Bureau Chief Ma Jiantang said Tuesday.

    "The fundamentals for China's stable, relatively fast economic growth in the medium to long term haven't changed... For the economy in 2012, we should still be full of confidence," Ma said at a press briefing.

    He said China's fourth-quarter gross domestic product growth of 8.9% is "within a normal range," and consistent with the government's macro-economic policy goals.

    Ma made his remarks shortly after the bureau announced China's gross domestic product data. The 8.9% on-year growth in the fourth quarter of 2011 was slower than the previous quarter's 9.1% rise, but faster than economists' expectations for an 8.6% expansion. For the 2011 full year, China's GDP rose 9.2%, compared with a 10.4% expansion in 2010.

    Ma said China should maintain its proactive fiscal policy and prudent monetary policy as the external economic environment is complicated.

    Weakness in Europe and the U.S. are widely expected to hurt China's export growth this year, particularly in the first half.

    Ma noted that China still faces medium- and long-term price pressures, with the longer-term pressures stemming from rising wages and land costs.

    "It looks like China's biggest domestic economic challenge is still maintaining stable, relatively fast growth while also ensuring relative stability in price levels and making progress in (economic) restructuring," he said.

    China has adopted tighter monetary policies to prevent inflation from spiraling out of control, but Beijing has more recently eased up on its monetary curbs.

    Ma said he didn't see big challenges arising from local government debt or weakness in the real estate market, though these areas need to be monitored.

    Economists have said these two areas pose the greatest risks to the nation's banking system.

    Ma also said China should accelerate its economic restructuring and aim for relatively fast and balanced economic growth.

    -By Owen Fletcher, Dow Jones Newswires; 8610 8400 7702; [email protected]

    2nd UPDATE: China Statistics Chief: Should Be 'Confident' In 2012 GDP Outlook - WSJ.com
     
  7. J20!

    J20! Senior Member Senior Member

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    China still has the fastest growing economy on earth despite "the doom and gloom of the Chinese economy":lol:
     
  8. Dovah

    Dovah Untermensch Senior Member

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    Wow, 7.5 trillion!!
    I thought it was around 4.5 trillion. This should imply that China's per capita income is pretty high too now...
    Good job China.
     
    Last edited: Jan 17, 2012
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  9. cir

    cir Senior Member Senior Member

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    You'd be an enormous fool to believe what the so-called analysts and economists tell you.

    These ill-wishers know bugger all about China. :rofl:
     
  10. Galaxy

    Galaxy Elite Member Elite Member

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    No one knows the real Chinese economy. Most of the internal economical data are hidden and Chinese Medias are CCP puppets.

    Add, Currency fake appreciation by CPC.
     
  11. sehwag1830

    sehwag1830 Tihar Jail Banned

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    Another rubbish data by CPC. When your real GDP grows by 9.2%, your economy grows nominally by 27% from 5.887 to 7.5 trillion $ . :rofl::rofl:

    Wow then considering India's CPI of 10% , India's gdp must nominally grow by 40% this year :lol::lol::lol:
     
  12. sehwag1830

    sehwag1830 Tihar Jail Banned

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  13. AprilLyrics

    AprilLyrics Regular Member

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    i dont know if they consider about the business doing on Internet,like Amazon and Taobao.my friends do more shopping on web.especially clothes/shoes and books.and some computer devices.
     
  14. J20!

    J20! Senior Member Senior Member

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    Must you turn this into a shitfest?
    7.5 Trillion when using RMB then converting it to dollars. This is the 2011 GDP Rankings on wikipedia when calculated in DOLLARS:


    List by the International Monetary Fund (2011)
    Rank Country GDP (millions of US$)
    World 70,011,680[4]
    European Union 17,960,206[4]
    1 United States 15,064,816
    2 China, People's Republic of 6,988,470n2
    3 Japan 5,855,383
    4 Germany 3,628,623
    5 France 2,808,265
    6 Brazil 2,517,927
    7 United Kingdom 2,480,978
    8 Italy 2,245,706
    9 Russia 1,884,903
    10 India 1,843,382

    And yes, China's GDP still grew by more than a trillion dollars from 2010:


    Rank Country GDP (millions of US$) Year
    World 63,123,888 2010
    — EU 16,222,783 2010
    1 US 14,586,736 2010
    2 CPR 5,926,612 2010
    3 Japan 5,458,837 2010
    4 Germany 3,280,530 2010
    5 France 2,560,002n4 2010
    6 UK 2,248,831 2010
    7 Brazil 2,087,890 2010
    8 Italy 2,051,412
    9 India 1,721,111 2010
    10 Canada 1,577,040

    What has that got to do with anything? China is still the largest producer and buyer of automobiles in the world.
     
    Last edited: Jan 17, 2012
  15. sehwag1830

    sehwag1830 Tihar Jail Banned

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    So India's gdp which was 1.73 trillion $ in 2010, added only 100 billion $ in 2011. Now i can't take this anymore.

    Yes 9% gdp growth translates to 2.5 % rise in automobile growth :rofl::rofl:

    This is why i love CPC and Shanghai stats.
     
    Last edited: Jan 17, 2012
  16. nimo_cn

    nimo_cn Senior Member Senior Member

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    I noticed that some Indian posters are kind of disappointed.

    Sigh, they just can't take it lightly.
     
  17. Singh

    Singh Phat Cat Administrator

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    taobao is great but only problem you need chinese bank accounts and need to know chinese.
     
  18. sehwag1830

    sehwag1830 Tihar Jail Banned

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    No, not disappointed but brazen display of ridiculous cooked data.

    No, way 9.2% real gdp growth translates to 27% nominal gdp growth . This is pure rubbish data.
     
  19. cir

    cir Senior Member Senior Member

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    I would simply ignore our Indian friends, whose excessive whining and crying only serve to show how insecure they feel。:rofl:
     
  20. Bhadra

    Bhadra Defence Professionals Defence Professionals Senior Member

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    The Indians needs to feel insure against China so that they ensure their security as China is unreliable.
     
  21. ice berg

    ice berg Senior Member Senior Member

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    LMAO, obviously you dont have a clue about basic economics. You need to take account of the currency exchanges as well. RMB has appreciated against USD last year.

    Take a course, kid.
     

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