Latest News:  

English>>Business

Most regions expect double-digit growth (3)

By Zheng Yangpeng  (China Daily)

08:28, February 06, 2013

However, some experts on how local GDP figures are compiled, told China Daily that gaps do occur and that national accounting often eliminates repeated calculations made by local governments.

Zhu Baoliang, an economist at the State Information Center, a think tank under the National Development and Reform Commission, said the central government is aware that local governments can tend to inflate their data.

But he added that as larger gaps appear, significantly larger than in recent years, the central government will be determined to make sure all future data are correct.

Last year, Tianjin led the nation's growth table with 13.8 percent year-on-year GDP growth, followed by Guizhou and Chongqing, both with 13.6 percent growth.

The Inner Mongolia autonomous region grew 11.5 percent in 2012, giving its economy a GDP value of 1.59 trillion yuan.

Given its relatively small population (25.7 million), its GDP per capita surpassed $10,000 for the first time, along with Beijing, Shanghai, Tianjin, Jiangsu and Zhejiang.

Lu Ming, an economics professor with Shanghai Jiao Tong University, said the fast growth being experienced in regions such as Tianjin, Chongqing and Inner Mongolia, was understandable, given their strategic locations and rich natural resources.

But the fast acceleration of many other regions also worried him.


【1】 【2】 【3】 【4】

Email|Print|Comments(Editor:HuangBeibei、Li Zhenyu)

Related Reading

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Navy's ships in antisubmarine training

  2. Servicemen patrol in snowfield

  3. Unforgettable moments you can’t miss in Feb.

  4. Journeys provide unusual adventures

  5. $16,000 splash to be washed emperor-style

  6. Victims to get equal compensation

  7. Great snakes and the culture behind

  8. Hey, big cosmetics spender

  9. NFL plans to expand in China

  10. Shenzhen property market will see glut

Most Popular

Opinions

  1. Why does US plan to relax immigration policy?
  2. Egypt's relative calm not expected to last for long
  3. East or west, whose home is best?
  4. Dialogue and action can improve Sino-US ties
  5. A long journey that will help all women
  6. An easier ride, but for some only
  7. U.S. further placates Europe while turning to Asia
  8. China's year of challenges
  9. Rice imports not a threat to food security
  10. Getting workers their wages on time

What’s happening in China

A 9-year-old girl and her father are traveling to 31 major cities across China on foot and by hitchhiking.

  1. 10 sentenced in 'black jail' case
  2. Firework index to reduce pollution
  3. Rail passengers returning thousands of tickets
  4. Organs traffickers sentenced in Guangdong
  5. Police official being probed for fake ID