Exports accounted for only 7.9% of the China's GDP

[lamlap]

China’s Shift to Growth From Domestic Consumption Already Showing Results

China's domestic demand accounted for 92.1 percent of the country’s GDP growth in 2010 while net exports contributed 7.9 percent.




China's Shift to Growth From Domestic Consumption Already Showing Results
Fully Unlocking the Huge Potential of China's Domestic Demand

 

[StingRoy]

Aren't you one year too late. Both articles were published in Q1 2011.

Maybe you wanted to post the articles related to 2011 and not 2010.

 

[Shardul.....the lion]

CD was fiercly saying that exports account for just 30 % of economy and not 40-50%, may be he was wrong.
Drastic reduction to just 8%, its unbelievable

 

[lamlap]

Domestic Consumption

 

[T90TankGuy]

OK now what exports are we talking about? the ones in the pics?

 

[lamlap]

Domestic Consumption

 

[Hello_10]

China’s Shift to Growth From Domestic Consumption Already Showing Results

China's domestic demand accounted for 92.1 percent of the country’s GDP growth in 2010 while net exports contributed 7.9 percent.




China's Shift to Growth From Domestic Consumption Already Showing Results
Fully Unlocking the Huge Potential of China's Domestic Demand

GDP of China on current $ in 2010 = $5.878tn and would be around $7.3tn in 2011, (estimate only, with considering cumulative effect of around 8.5% growth rate, 8% appreciation of Yuan and 6% inflation)

https://www.cia.gov/library/publications/the-world-factbook/fields/2195.html

total export of China in 2011 = $1.7tn (around), including service export? not sure.
China trade surplus narrows to $206 billion in 2011

1.7/7.3 = 23% (around)

it is still much better than 44% export to GDP ratio of China in 2007

 

[Hello_10]

self deleted. repeated post

 

[lamlap]

GDP of China on current $ in 2010 = $5.878tn and would be around $6.6tn in 2011, (estimate only)

total export of China in 2011 = $1.7tn (around), including service export? not sure.


1.7/6.6 = 26% (around)

it is still much better than 44% export to GDP ratio of China in 2007

 

[lamlap]

CCP is powerful

 

[Hello_10]

CCP is powerful

If we add cumulative effect of around 8.5% growth rate, likely 10% appreciation of Yuan and 6% inflation for China in 2012, GDP of China would be around $9.2tn in 2012, as compare to around $7.3tn in 2011, and if they keep their export to current level, at around $1.7tn, their export to GDP ratio would come around 18.5%, making their economy no more dependent on export. And with Chinese PMI of manufacturing in contraction mode for november 2011 and almost at 50 point for december, its look like they don’t want to manufacture and export more than what they already do.