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Jake’s View
Arithmetic with Chinese characteristics, where the sum of the parts is greater than the whole
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Jake van der Kamp is a native of the Netherlands, a Canadian citizen, and a longtime Hong Kong resident.
The Binhai New Area in the northern city of Tianjin – an economic zone that sparked talk of grand ambitions to create China’s answer to Manhattan from a riverside swamp – raised eyebrows this month when it announced that its GDP growth in 2016 was a third smaller than it previously stated.
-- SCMP, January 17
China is a land where the sum of the parts is greater than the whole. Binhai is not alone in puffing up its figures. Every province does it, I think, and every county.
For instance, the record shows a national gross domestic product (GDP) in 2016 of 74.3 trillion yuan (US$11.6 trillion). Add up the GDP figures for each of the provinces, however, and you get 78 trillion yuan.
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