Clipping the dragon’s wings

Posted by Matt in December 20th, 2007

China’s economy is smaller than was thought.

AMERICANS may well be delighted by new figures that show China’s GDP is 40% smaller than previously thought. Has the devious Beijing government been massaging the numbers, as communist planners are wont to do? Hardly. China’s GDP in yuan terms remains unchanged. What has happened is that the World Bank has changed the calculations it uses to make international comparisons of the size of economies.

Map for Beijing, China

[Countries link to CIA Factbook. States link to Wikipedia.]

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