National gross domestic product (GDP), while influential and to some degree useful as a gauge of a country’s growth, largely ignores how individuals are doing in favor of a broad estimate of economic activity. But the root of all economics rests in finances that lie closer to home, and looking below the headline figure can help the would-be economist get a better understanding of the reality on the ground. Indeed, in China, it’s almost universally necessary.
To this end, China Economic Review has compiled and illustrated some of China’s less-appreciated economic indicators to get a feel for how its 31 mainland administrative regions compare to one another in terms of per-capita GDP, non-working dependent populations and household savings. The results paint a much more nuanced picture than any single figure could hope to show.
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Author: Hudson Lockett (@KangHexin)
Research: Andrew Ross
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