标题: CN’s Official 1Q15 GDP Growth'd Be 5.7% But for Collapsing Commodity Prices [打印本页] 作者: choi 时间: 7-5-2015 12:11 标题: CN’s Official 1Q15 GDP Growth'd Be 5.7% But for Collapsing Commodity Prices Tom Mitchell, Commodities Fall Saves China’s Blushes. Financial Times, July 6, 2015 (available now). http://www.ft.com/cms/s/0/4a0457 ... e-a775d2b173ca.html
Quote:
"according to a breakdown of first-quarter GDP that has only recently become available, net exports contributed 1.3 percentage points of the 7 per cent growth. By comparison, net exports contributed just 0.1 percentage points of the 7.4 per cent growth reported for the whole of 2014 — which was China’s slowest annual rate of expansion in a quarter of a century. Consumption and investment, meanwhile, accounted for 4.5 and 1.2 percentage points of first-quarter growth respectively. Without the boost from net exports, first-quarter growth would have been much * * * at about 5.7 per cent.
"First-quarter exports were up only a modest 4.9 per cent on the same period last year * * * But the collapse in global commodity prices meant that the value of China’s imports over the first three months of the year fell 17 per cent
Actually there is a fourth component: government spending, which is larger than investment (at least in US). See the table to the right of this sub-section.