Japan and China GDP trends

Here is a chart generated in Google public data based on World Bank figures through 2008:

The exponential growth rate for China’s GDP is  remarkable; and this dataset ends in 2008 leaving out the latest figure showing that China has surpassed Japan in world GDP.  In Chinese consumption and the Japanese “sorpasso”, Professor Pettis of Peking University suggests that this result is as much a result of Japan’s stagnant to sinking GDP trend as much as with China’s growth.  Also, he suggests that “there is at least some small chance that the policies responsible both for Japan’s breakneck rise and equally breakneck decline may be being replicated in China.”

I think the probably of a Japan-style breakdown from current economic activity in China is very high; the exact timing is difficult but “within the next 5 years” seems a reasonable estimate.

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2 Comments »

  1. […] the original: Japan and China GDP trends « Wasatch Economics By admin | category: PEKING University | tags: china, chinese, japan, japanese, PEKING […]

  2. […] https://wasatchecon.wordpress.com/2010/08/20/japan-and-china-gdp-trends/ 13 April 2012 3:37am – Images « China s GDP and exports export data is likely to be understated China s GDP to Top Nine Trillion Yuan This Year » […]

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