GDP 4 1971320. 2242. 62887. 0 1972332.

GDP growth in China 1952-2009 Sharp increase in GDP during the reform period GDP has risen from Rmb362. 4 billion in 1978, at the start of the reform period, to Rmb30 trillion in 2008 (both figures at current prices). Structural change in the Chinese economy during the reform period The share of primary industry in GDP has fallen from 28% in 1978, at the beginning of the reform period, to 11% in 2008. This fall occurred because agricultural output grew more slowly than output of other economic sectors. At the same time, the share of tertiary industry grew from 24% to 40% as services sectors proliferated.

The share of the secondary sector has stayed level at around 48% over the period as a whole. GDP Index in real termsGDP Rmb billion at current prices GDP per head RmbReal annual growth rate (%) 1952100. 067. 9119 1953115. 682. 414215. 6 1954120. 585. 91444. 2 1955128. 691. 01506. 8 1956147. 9102. 816515. 0 1957155. 5106. 81685. 1 1958188. 6130. 720021. 3 1959205. 2143. 92168. 8 1960204. 6145. 7218-0. 3 1961148. 7122. 0185-27. 3 1962140. 4114. 9173-5. 6 1963154. 7123. 318110. 2 1964183. 0145. 420818. 3 1965214. 2171. 624017. 0 1966237. 1186. 825410. 1967223. 6177. 4235-5. 7 1968214. 4172. 3222-4. 1 1969250. 6193. 824316. 9 1970299. 3225. 327519. 4 1971320. 2242. 62887. 0 1972332. 4251. 82923. 8 1973358. 6272. 13097. 9 1974366. 9279. 03102. 3 1975398. 8299. 73278. 7 1976392. 4294. 4316-1. 6 1977422. 2320. 23397. 6 1978471. 6362. 437911. 7 1979507. 5403. 84177. 6 1980547. 1451. 84607. 8 1981575. 5486. 24895. 2 1982629. 0529. 55259. 1 1983698. 9593. 558010. 9 1984805. 8717. 169215. 2 1985912. 1896. 485313. 5 1986989. 71,020. 29568. 8 19871,103. 51,196. 31,10411. 6 19881,228. 21,492. 81,35511. 3 9891,279. 81,690. 91,5124. 1 19901,333. 51,854. 81,6343. 8 19911,454. 92,161. 81,8799. 2 19921,660. 02663. 82,28714. 2 19931,877. 53,463. 42,93913. 5 19942,114. 04,675. 93,92312. 6 19952,304. 35,847. 84,85410. 5 19962,530. 16,788. 55,5769. 6 19972,745. 27,446. 36,0548. 8 19982,959. 37,834. 56,0387. 8 19993,169. 48,206. 87,1597. 1 20003,422. 98,946. 87,8588. 0 200110,965. 58,6228. 3 200212,033. 39,3989. 1 200313,582. 310,54210. 0 200415,987. 812,33610. 1 200518,386. 814,0409. 9 200621,087. 116,08411. 1 200724,661. 911. 4 200831,404. 59. 6 200933,535. 8. 7 1st qtr 2010 How China’s GDP rose and fell from 1952 to 2009 1953 Hyperinflation conquered; civil war and land reform ended: GDP up 15. 6% in real terms. 1958-59 So-called “Great Leap Forward” devastated agriculture: result was falling GDP in 1960-62. (Figures for 1958-59 highly suspect, as the statistical network was largely destroyed in the “Leap”, when absurdly high increases in output were reported by frightened local officials. ) 1963-66 Partial restoration of market economy in the countryside promoted faster growth of agriculture. 967-68 Production undermined by the so-called “Great Proletarian Cultural Revolution”, that was initiated by Mao in mid-1966 and effectively ended by People’s Liberation Army intervention in 1968. 1969-70 High growth rates followed the restoration of order after the “cultural revolution”. 1976 Widespread earthquakes, including the worst ever at Tangshan, hit industrial centres, while agricultural output was hit by drought; policy paralysis resulted from the anti-Deng campaign, followed by Mao’s death and the arrest of the Gang of Four. GDP fell. 978-1982 Smashing the communes and restoring family farming jacked up agricultural (especiallygrain) output. 1983-85 Double-digit real GDP growth accompanied the first wave of foreign investment into China, and non-state enterprises started to develop. 1989-91 Growth slowed after the government braked the overheating economy following an aborted effort at wholesale price reform in 1988 which resulted in panic buying and runaway inflation. Price stability was achieved by cancelling large fixed investment projects, slowing domestic demand.

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Foreign investment fell off after the Beijing Massacre of June 1989. What’s being said about… China GDP kenyanpundit Read #3… What China’s highest GDP per capita city looks like – The story of Ordos:http://t. co/oynRoWX15 hours ago pmdfoster China’s leaders face growing dilemma over GDP growth. Middle class tolerance for ‘dirty’ growth is waning13 hours ago AseanAffairs For 1800 years of the last 2000, China, India contributed 45% of world gdp. In 1990 CIA’s share was a meagre 4. 64%-underperforming asia12 hours ago anunez3 In China public debt reaches 76% of GDP “Alexandre Guerrero9 hours ago etanoik bric nations gdp growth: india 7. 8, china 2. 2, brazil 1. 3, russia 1. 1 #economy #stocks9 hours ago Join the conversation 1992 Deng Xiaoping’s Southern Tour at the beginning of the year massively boosted foreign direct investment inflows into coastal areas and started a wave of government investment in Shanghai. Recordtrade and GDP growth and inflation followed. 1993 Zhu Rongji appointed to rein in the overheating economy, this time more selectively than in 1989-91. Growth rates subsided gradually in subsequent years, producing a so-called “soft landing”.

During the 1990s, living standards continued to rise, as evidenced by the proliferation of consumer durables, especially among the urban population. Continuing FDI inflows helped boost foreign exchange reserves to record heights in the late 1990s. Especially after the publication of the 1998 GDP figures, economists, both in China and abroad, have raised serious doubts about the quality of China’s national accounts, which appeared in the late 1990s to overstate economic growth and are now suspected of understating growth.

This may be because the statistical system tends to overestimate output at the trough of the cycle and underestimate output at the peak. However, the country’s first production census discovered at the end of 2005 that GDP has recently been grossly underestimated as a result of a failure to take into account the rapid growth of the services sector. As a result, growth rates for 2003-2005 are now recorded at around 10% per year in real terms. Despite efforts to cool the overheating economy, the officially recorded GDP growth rate was 11. 4% in 2007.

In 2008 the global economic crisis began to reduce China’s growth rate. In the face of forecasts that this might drop below the rate at which school leavers can be absorbed by the growing economy (7%-8%) the government decided to pump Rmb 4 trillion into the economy in the form of an economic stimulus package consisting largely of investment in fixed infrastucture and human capital. The preliminary estimate for real GDP growth was 9%. This was revised upwards to 9. 6% on 25 December 2009, when current-price GDP in 2008 was re-calculated to be CNY31,404. billion. The preliminary estimate for China’s GDP in 2009 is CNY33,535. 3 billion at current prices, 8. 7% up on 2008 in real terms. China’s Gross Domestic Product (GDP) in 2009 Absolute ValueGrowth Rate over the ( (CNY billion yuan )Same Period Last Year (%) Gross Domestic Product33,535. 38. 7 Primary Industry3,547. 74. 2 Secondary Industry15,695. 89. 5 Tertiary Industry14,291. 88. 9 Notes: 1. Absolute value is computed at current price, growth rate is computed at constant price. 2. Statistical data in this table are preliminary