莱坊2010年4月溯本追源-解读中国的房地产市场.pdfVIP

China’s booming housing market Putting it in the right perspective 溯本追源——解读中国的房地产市场 april 2010 二零一零年四月 APRIL 2010 China’s booming E n housing market g l i s h Putting it in the right perspective Since the onset of the global financial crisis in 2008, China has been playing an increasingly important role in the world economy. While all major developed economies were mired in deep 中 文 recession, China achieved strong GDP growth of 8.7% and became a major growth engine for the global economy. But how large is China’s economy and how important is its role in the global arena? Gross domestic product (GDP) is widely used to measure a country’s economic muscle and in terms of GDP, China was the world’s third largest economy last year after the US and Japan. China’s nominal GDP was about 33% that of the US, but in terms of purchasing power parity (PPP), its GDP was about 66% that of the US and ranked second among all economies in 2009. We believe total bank deposits However, such statistics are not an accurate reflection of China’s role in the global economy, as there are limitations when using GDP fo