Provincial data

CHINA FINANCIAL - Report 18 Feb 2021 by Michael Pettis

Special points to highlight in this issue:
• Although Beijing will probably not announce a GDP growth target during the Two Sessions this March, nearly every province in China has already done so, with an implied national growth rate for the year of 6.8 percent.
• A recent BIS research report shows that before 2010, GDP growth in China was driven predominantly by demographics, investments and productivity, whereas after 2010, growth depended mainly on government expenditures, credit growth and house prices.

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