economic and financial
China's GDP per capita (purchasing power parity) is $ 11,904 in
2013. Although it has been growing steadily over the last 20 years, it remains
ridiculously small. In fact, by comparison, the per capita GDP of the United
States in 2013 is 53143 dollars, and that of France 36907 dollars.
China's GDP has been increasing for 30 years, its growth rate is
7.67% in 2013, 7.65% in 2012, 9.3% in 2011 and 10.45% in 2010. The growth rate
therefore seems relatively constant.
The average annual inflation rate in China is 2.06% in 2014,
compared to 2.57% in 2012 and 2.02% in 2011. In comparison, that of the United
States in 2014 is 0.756%, and that of France of 0.5%. Inflation means the loss
of value of money, the rise in prices relative to the rise in wages, so strong inflation
is often bad sign.
The Chinese budget in 2014 was in deficit, and represented $ 221
billion with the rate of increase of 12.5%. This explains the rise in
environmental problems, military and government spending.
China's current account is 2.5% of GDP in 2013, 2.3% in 2012 and
2.8% in 2011. External public debt is 21.3% of GDP in 2013, 22.8% in 2012 and
25.5 in 2011.
These numbers are found in the following table:
2010 2011 2012 2013
Growth in GDP (%) 10.4 9.2 7.8 8.0
Inflation (annual average) 3.3 5.4 2.6 2.8
Budget balance / GDP (%) -1.7 -1.2 -1.7 -2.0
Current balance / GDP (%) 4.0 2.8 2.3 2.5
Government debt / GDP (%) 33.5 25.5 22.8 21.3
The trade balance is 2.56% of GDP in 2014, 2.82% of GDP in 2013 and
2.48% in 2012. Exports thus far exceed imports.
The exchange rate of the Yuan is relatively unstable, 1 euro = 7.5
to 8.68 Yuan during the year 2013.
With all these figures, we see in particular that while China is
growing steadily, with a growing GDP, its indicators show an economy still poorly
developed in comparison with developed countries. The public debt remains
contained, which is a good point, but the budget balance is decreasing. China
observes a significant fragility in the growth rate of the daily living price,
and at the level of real estate sector, vehicle.
The economic and financial balance is therefore mixed.
Post a Comment