Friday, February 25, 2011

Great Interactive Map of China

Pictured above is map of China from The Economist (interactive version here), showing how the economic output of individual Chinese provinces would compare to the GDP of entire countries.  The interactive version also allows you to compare GDP per capita, population and exports.  

HTs: Robert Kuehl and Colin Grabow

6 Comments:

At 2/25/2011 10:48 AM, Blogger juandos said...

Hmmm, I think the real interesting map of the day would be the one courtesy of Zer0Hedge: Visual Atlas Of Distressed Oil Production


Why you may ask...

Well if Reuters knows what its talking about then consider this: Libya oil production to shut down completely-BofA

 
At 2/25/2011 10:58 AM, Blogger PeakTrader said...

China's GDP, particularly at PPP, is a limited measure that doesn't truly reflect living standards:

Connecting the Dots Between China’s Falling Consumption Level and Its Banking Crisis
January 22, 2011

As countries become more affluent, consumption tends to rise in relationship to GDP. And the ample evidence of colossally unproductive infrastructure projects in China raises further doubts about the sustainability of the Chinese economic model.

Household consumption has declined over the decade as a share of gross national product from a very low 45 percent at the beginning of the decade to an astonishingly low 36 percent last year.

It now takes $7 of debt to produce $1 of GDP growth...The combination of implicit debt forgiveness and the wide spread between the lending and deposit rate has been a very large transfer of wealth from household depositors to banks and borrowers. This transfer is, effectively, a large hidden tax on household income, and it is this transfer that cleaned up the last banking mess.

It did not result in a collapse in the banking system, but it nonetheless came with a heavy cost. The banking crisis in China resulted in a collapse (and there is no other word for it) in household consumption as a share of the economy."

 
At 2/25/2011 10:58 AM, Blogger juandos said...

well that's interesting, my comment disappeared...

 
At 2/25/2011 12:23 PM, Blogger Buddy R Pacifico said...

From Patrick Chovanec's An American Perspective From China blog.

"One of the top priorities of the 12th Five-Year Plan will be reducing China’s huge, and often disturbing, wealth gap – a gap that propels at least 200 million migrants every year to find jobs along the more prosperous coast. In 2009, China’s 12 coastal provinces (out of 31) accounted for 65% of the country’s GDP, and had a collective per capita GDP 50%higher than the national average."

 
At 2/25/2011 4:07 PM, Blogger Eni said...

This comment has been removed by the author.

 
At 2/26/2011 4:06 AM, Blogger CK said...

That's interesting, in the case of China.

Actually, if you do for Germany, who was the world's largest exporter before China overtook it, would have an even larger area that represent each country.

Perhaps someone has done it.

Nevertheless, one cannot deny that China's GDP is growing. and that rate of 10-15% pa., it would overtake that of USA's before 2050.

http://www.economics-tuition.com

 

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