The Emergence of Greater China: The Economic Integration of Mainland China, Taiwan and Hong Kong (Studies on the Chinese Economy) Review

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The Emergence of Greater China: The Economic Integration of Mainland China, Taiwan and Hong Kong (Studies on the Chinese Economy) Review"The Emergence of Greater China" focuses in on the special topic of adjusting Chinese trade statistics vs. Hong Kong and Taiwan to take out the effect of both the latter's role being overstated due to political reasons.
Given the rapid growth of China's economy, the data are also somewhat dated. However, it is still impressive to learn that after adjusting for low prices in China using the purchasing power parity (PPP) measurements of the IMF, China's 2001 GDP would be $5.6 trillion, vs. Japan's $3.5 trillion and the $10.2 trillion for the U.S. Projecting, again using PPP, the author believes China should have surpassed the U.S. GDP in 2007.
"The Emergence of Greater China" also points out that China became the #1 recipient of foreign direct investment in 2002, and that exports are about 35% of China's GDP, vs. 9% in India, its energy used per dollar of GDP in 2003 was 2.4X the world average (including 1.6X India), and the smount of sulfur dioxide per dollar of GDP was 69X Japan and 60X the U.S. Another key point is that about 20% of mainland bank loans are non-performing.The Emergence of Greater China: The Economic Integration of Mainland China, Taiwan and Hong Kong (Studies on the Chinese Economy) Overview

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