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Branko Milanovic: Yuan appreciation could narrow Chinese GDP gap with U.S.

Branko Milanovic: Yuan appreciation could narrow Chinese GDP gap with U.S.
Yuan rise would close China-U.S. GDP gap

Branko Milanovic points out that current nominal GDP figures show the U.S. at about $30 trillion and China at around $20 trillion, resulting in a 50 percent gap.

He notes that a 30 percent appreciation of the yuan, assuming no other changes, would increase China's nominal GDP to roughly $26 trillion, bringing it within 20 percent of the American level.

Milanovic has previously examined China’s macro data, questioning whether greater savings among the urban elite contribute to the country's low consumption levels. He has also noted that Western financial media have called for China to raise wages and increase social welfare. These observations form part of his ongoing analysis of China's economic trends.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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