This move increased the total of 2015 GDP by 1.3 percent to 68.55 trillion yuan ($10.3 trillion), but that year’s growth rate was only marginally amended and basically remained 6.9 percent.
The calculation of China’s GDP for the first half of 2017 has not been affected, and stood at about 38.2 trillion yuan ($5.6 trillion), up 6.9 percent year-on-year.
Among the emerging markets, Fitch expects India’s growth in the range of 7.4-7.6% in the next two fiscal years as Goods and Service Tax (GST) implementation helps the country further its growth goals.
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
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