BOFIT Weekly Review 2016/32
Change in method of calculating Chinese GDP only marginally eases path to 2020 growth targets
China is targeting to double the GDP from 2010 level by 2020. Reaching this goal requires real GDP growth of nearly 6.5 % a year. Last month’s change in the methodology for calculating GDP should make it only slightly easier for China to hit its growth targets. Many experts feel that the growth target is unreasonably ambitious and distorts economic policy.