gdp Archive

China adjusts GDP to include new economy

In July 2017, China’s statistics bureau has revised the way it calculates the country’s gross domestic product by including contributions from healthcare, tourism and “new economy”. This move increased the total of 2015 GDP by 1.3 percent to 68.55 trillion …

Update on Urbanization in China

China has several multi-billion dollar city development projects. Nanhui New City plans to attract 800,000 residents and reportedly cost $4.5 billion. Nanhui city illustration Established in April 2017, Xiongan New Area is a redevelopment project planned for Hebei, China. Initially, …