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    China'S GDP Total Second Is Not Worth Surprises.

    2011/2/15 11:50:00 53

    China GDP World Second Wall Street Journal

    Whether it is per capita, or the quality and structure of economic growth, or the income from economic development, we still have a long way to go. The world second is only a surpass of total volume. It is not worth surprises. We need objective judgement.


      

    China GDP

    The total amount exceeds Japan and finally got authoritative confirmation. The data released by the Japanese Cabinet Office in February 14th showed that in 2010, the nominal GDP of Japan was 54742 billion US dollars, which was 404 billion 400 million less than that of China, ranking third in the world.


    Since the second quarter of last year, the news about China's total GDP surpassing Japan has been concerned by the outside world, especially the western media is a great book on China's economic growth miracle. Of course, there are also many GDP fans in China, and they also have deep feelings for the global second.

    However, if we only stay on the surface of the total amount, it is like "seeing trees without seeing the forest".


    In fact, there is not much surprise in the world second.

    China's economic development

    From the perspective of the world, second is only a matter of time.

    What we need to think about is what ordinary people can get from the second world. Actually, with the arrival of the world's second, our development problem is not easy, and we still have a long distance to develop.

    Just like the United States.

    Wall Street Journal

    It is pointed out in the article that since the industrial revolution, the United States, Britain, Germany and Japan have become rich by virtue of their high working efficiency and have surpassed the large population of China and India.

    In the past 30 years, however, China's economy has grown rapidly.

    Although their per capita GDP is still not satisfactory, the 1 billion 300 million huge population makes China fast in the forefront of the world.

    The article says that China has 11 times the population of Japan, so the per capita GDP exceeds Japan's 1/11 and can surpass Japan in terms of total economic output.

    If China wants to defeat the US, its per capita GDP will reach 1/4 of the US, because the population of China is four times that of the United States.

    But now China's per capita income is only 1/11. of the US.


    There is no doubt that although China has surpassed the total amount, its annual per capita income is far apart.

    From the data point of view, China's per capita GDP is US $3800, ranking 105 in the world.

    But what we wonder is that China's per capita annual income is so high. In fact, China has never had the data of per capita annual income of the whole population, but there are only two people per capita in urban and rural household registration, that is, per capita disposable income of urban residents and per capita net income of rural residents.

    According to the data released by the National Bureau of statistics, in 2010, the per capita disposable income of urban residents was 19109 yuan, and the per capita net income of rural residents was 5919 yuan. At present, the urbanization rate of China is close to 50%. That is to say, the number of urban residents is basically the same as that of rural residents. According to this calculation, the average annual per capita income of China last year should be about 12500 yuan, or about 2000 dollars.

    So how does this annual income come from? In fact, the average annual income of GDP per adult is taken, or the average annual income per capita in Beijing and Shanghai is taken as the national per capita data.


    Through figures, we can see that the pressure of resources and ecological environment is increasing. The task of industrial restructuring is far from being completed. The pformation of development mode is also a long journey. Industrialization is still in the middle and late stages, and there are also many problems in the process of urbanization.

    In addition, from the perspective of residents' income gap, apart from the gap between urban and rural areas, the regional disparity is also very obvious.

    According to statistics, in 2009, the per capita income of farmers in Shanghai was 12324 yuan, and Beijing was 11986 yuan.

    Gansu is 3134 yuan, Qinghai is 3346 yuan, and Yunnan is 3369 yuan, which is less than 1/3 of Shanghai level.

    In addition, the per capita GDP of Shanghai in 2009 was 11320.41 US dollars, while that in Guizhou was less than 1/9 in Shanghai, which was only 1350.98 US dollars.

    Old problems such as difficulty in seeing a doctor, expensive medical treatment and low level of social security have not been rectified from the root cause. There are still many arrears in education, housing and medical care.

    China's total economic volume is large, but it is essentially a developing country.

    To reach the moderately developed countries, the average GDP per person will reach 25000 to 30000 US dollars in 2049, which will take a long time.


    From the perspective of China's economic growth structure, there is still a big gap between our efficiency and profits.

    In 2010, China's economic growth was 10.3%, and the growth rate was considerable. It was also optimistic. Once the benefits were seen through the growth rate, it would inevitably add a worry.

    From the end of last year's energy conservation and emission reduction, we can see that our overdraft of resources and environment costs can hardly be reversed in the short term.

    In fact, GDP can only reflect the speed and scale of economic development, and the quality and efficiency of economic development are not satisfactory.

    On the whole, in the three industries, the economic benefits of the primary industry need to be improved. The overcapacity of the second industry is grim, the task of saving energy and reducing emissions is arduous, the development of the third industry is still seriously insufficient, and the economic development of our country is still on the extensive and inefficient channel.


    From the perspective of economic development, a large number of benefits and profits are enjoyed by international multinationals.

    Customs data show that in 2010, foreign trade accounted for over 50% of export trade.

    It can be seen that not only the economic development mode needs to be continuously changed, but also there is much room for improvement in efficiency.


    Therefore, whether it is per capita, or the quality and structure of economic growth, or the income from economic development, we still have a long way to go. The world second is only a surpass of total volume. It is not worth surprises. We need objective judgement.

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