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China plus Hong Kong and Macau GDP for 2017 is $13.3 trillion

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China’s quarterly GDP numbers for 2016 and 2017 suggest that the soon to be released Q4 2017 GDP number will be about 22.5 trillion RMB. China leadership has already indicated the fourth quarter has come in with strong economic performance and that the 2017 GDP was 6.9%.

The trends for increasing for quarter to quarter and for larger fourth quarters suggests at least 2.23 trillion RMB more than Q3 2017. This would put it at 23.4 trillion RMB for Q4 2017. But I think it will come in at 2.33 trillion RMB for Q4 which would be a total of 23.5 trillion RMB for Q4 2017.

This would be 59.3 trillion for the first three quarters plus 22.5 trillion for the last quarter of 2017 for a total of 82.7 trillion RMB for 2017.

The current exchange rate is 6.4 RMB to 1 USD. So China’s nominal GDP would be US$12.9 trillion. Once Hong Kong ($332 billion) and Macau ($55 billion) are added this would be $13.3 trillion.

China combined with Hong Kong and Macau will crack the $10,000 per capita income level early in 2018.

US GDP for 2017 is about $19.7 trillion.

China is about 67.5% of the US economy.

Q4 2017                Q4 2016   21.12813   Q4 2015   19.2852	
Q3 2017     21.1798    Q3 2016   19.05295   Q3 2015   17.67104			
Q2 2017     20.0807    Q2 2016   18.07437   Q2 2015   16.85030	
Q1 2017     18.0682    Q1 2016   16.15727   Q1 2015   15.09867