The criteria for the GDP measure changed in 2009 which put a heavier weight on R&D capitalization. This makes it an unfair comparison since China economy is mostly manufacturing-based. The fact that their growth rate is so high despite this is very notable.
The criteria for the GDP measure changed in 2009 which put a heavier weight on R&D capitalization. This makes it an unfair comparison since China economy is mostly manufacturing-based. The fact that their growth rate is so high despite this is very notable.