Regional GDP growth rate outpaces nation's economy

0 CommentsPrint E-mail Global Times, August 2, 2010
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Something is fishy in the provinces. Almost all of the 29 local governments that released their GDP figures over the weekend recorded growth rates of over 11 percent, somehow outpacing the national numbers, according to the Beijing-based Legal Mirror newspaper.

The total GDP of these 29 in the first half of the year amounted to 18 trillion yuan ($2.66 trillion), which is 800 billion yuan (US$118.11 billion) higher than the figures released by the National Bureau of Sta-tistics (NBS), 17.2 trillion yuan (US$2.54 trillion).

"This is not a new phenomenon," said Yuan Gangming, an economist with the Chinese Academy of Social Sciences. "The reported local GDP growth rates have always been much higher than the central one," Yuan said.

In the first half of 2009, the difference between local figures and the national figure was even larger, with a gap of 1.4 trillion yuan (US$206.69 billion).

So where is this discrepancy coming from? It is possible that some local governments have been cooking their books in order to make them look better, Yuan explained.

"But there could be double-counting due to cross-region cooperation," Ye Qing, deputy director of Hubei Province Statistics Bureau, told the Global Times.

And the sampling methods used for measuring GDP may be different between the central and the local governments, Ye added.

The NBS is obviously aware of possible statistical manipulations and miscalculation. Last week, the central bureau issued an announcement clarifying the protocols for carrying out GDP calculations, including checking, double-checking, and then checking again.

Provinces

Regional GDP (trillion yuan)

Year-on-year Growth

Hainan

0.1018

19.40%

Tianjin

0.4106

18.00%

Ningxia

0.066

18.00%

Chongqing

0.3634

17.60%

Shanxi

0.4143

17.50%

Jilin

0.3201

17.20%

Shaanxi

0.4289

16.80%

Inner Mongolia

0.4720

16.50%

Sichuan

0.7465

16.30%

Hubei

0.6222

15.70%

Fujian

0.5761

15.50%

Anhui

0.5537

15.40%

Hunan

0.6805

15.10%

Liaoning

0.8205

14.60%

Jiangsu

1.9

14.50%

Jiangxi

0.4001

14.40%

Henan

1.0244

14.30%

Qinghai

0.0566

14.30%

Hebei

0.9083

14.10%

Gansu

0.1573

13.90%

Yunnan

0.3037

13.80%

Guangxi

0.3833

13.60%

Shandong

1.8645

13.60%

Zhejiang

1.1924

13%

Heilongjiang

0.4202

12.90%

Guangdong

1.9958

12.70%

Beijing

0.6372

12%

Tibet

0.0203

11.20%

Xinjiang

0.1718

10.70%

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