Home > China, International Trade > 7.5%, Again!

7.5%, Again!

Chinese economists predict another year of 7.5% growth.

To put this in perspective:

1) 7.5% annual GDP growth is about 3 times the long-term, normal growth rate of a robust, advanced economy.

2) This would represent an additional production of goods and services valued (nominally) at over $600 billion. That’s the entire annual economic output of Thailand and Malaysia combined.

3) This is an expansion of the pie, so it benefits everyone. The fact that China is become ever-more productive is good news, not just for China but also for the rest of the world. There will be more for everyone in the world.

Advertisements
Categories: China, International Trade
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: