Term Report Related Assignment- Chapter 5

Course Instructor: Sir Ajaz Rasheed

Raja Omar Farooq 20191-26728

Working with Macroeconomic Data:

Ans 1: Exports of China (Data):
Years Value of Exports ( in Trillions of USD )

1992 83,195,706,892
1993 89,517,229,877
1994 117,550,645,159
1995 148,118,103,246
1996 149,707,118,263
1997 182,107,041,282
1998 184,354,417,366
1999 194,264,649,201
2000 250,167,546,270
2001 267,686,165,387
2002 324,884,001,792
2003 436,723,232,798
2004 590,512,316,296
2005 761,629,569,579
2006 967,954,455,711
2007 1,219,813,717,282
2008 1,429,789,149,239
2009 1,197,148,973,380
2010 1,575,893,745,274
2011 1,893,511,319,276
2012 2,046,833,135,931
2013 2,211,625,717,122
2014 2,322,316,474,665
2015 2,286,500,386,128
2016 2,098,617,886,321
2017 2,264,266,903,123
2018 2,512,728,632,807
2019 2,493,812,695,662

Exports of China (Graph):

Imports of China (Data):
Years Value of Imports ( in Trillion of USD )

1992 80,584,000,000
1993 103,959,000,000
1994 115,614,000,000
1995 132,084,000,000
1996 138,835,000,000
1997 142,371,000,000
1998 140,237,000,000
1999 165,699,000,000
2000 225,099,000,000
2001 243,572,000,000
2002 295,310,000,000
2003 413,095,000,000
2004 561,220,000,000
2005 659,980,000,000
2006 791,794,000,000
2007 955,950,000,000
2008 1,132,444,000,000
2009 1,006,015,000,000
2010 1,396,154,000,000
2011 1,742,781,000,000
2012 1,818,066,000,000
2013 1,950,356,000,000
2014 1,962,165,133,200
2015 1,679,566,000,000
2016 1,585,465,000,000
2017 1,840,492,000,000
2018 2,132,776,000,000
2019 2,068,532,259,000
Imports of China (Graph):

GDP Value of China (Data):

Years GDP ( in Trillions of USD )

1992 426,915,712,711
1993 444,731,282,436
1994 564,324,670,005
1995 734,547,898,220
1996 863,746,717,503
1997 961,603,952,951
1998 1,029,043,097,554
1999 1,093,997,267,271
2000 1,211,346,869,605
2001 1,339,395,718,865
2002 1,470,550,015,081
2003 1,660,287,965,662
2004 1,955,347,004,963
2005 2,285,965,892,360
2006 2,752,131,773,355
2007 3,550,342,425,238
2008 4,594,306,848,763
2009 5,101,702.432.883
2010 6,087,164,527,421
2011 7,551,500,425,597
2012 8.532.230.724.141
2013 9,570,405,758,739
 2014 10,438,529,153,237
2015 11,015,542,352,468
2016 11,137,945,669,350
2017 12,143,491,448,186
2018 13,608,151,864,637
``2019 14,300,000,000,000

GDP of China (Graph):

Trade Openness of China (Data):

Years Trade Openness ( % Rate )
1992 30.15
1993 36.06
1994 35.77
1995 34.27
1996 33.81
1997 34.53
1998 32.42
1999 33.52
2000 39.41
2001 38.53
2002 42.75
2003 51.80
2004 59.51
2005 62.21
2006 64.48
2007 62.19
2008 57.61
2009 45.18
2010 50.72
2011 50.74
2012 48.27
2013 46.74
2014 45.07
2015 39.63
2016 37.21
2017 38.15
2018 38.25
2019 31.90

Trade Openness of China (Graph):

Post-War Trend:
China experienced a political revolution after World War II. From being a socialist and
close economy, it gradually transformed in mid 1980s and 1990s, mainly due to the
reforms enacted by Deng Xiaoping, who introduced numerous reforms which
transformed the Chinese economy to a more market-oriented and mixed economy.
Prior to the initiation of economic reforms and trade liberalization nearly 40 years
ago, China maintained policies that kept the economy very poor, stagnant, centrally
controlled, vastly inefficient, and relatively isolated from the global economy. Since
opening up to foreign trade and investment and implementing free-market reforms in
1979, China has been among the world’s fastest-growing economies, with real annual
gross domestic product (GDP) growth averaging 9.5% through 2018, a pace described
by the World Bank as “the fastest sustained expansion by a major economy in
history.”
Such growth has enabled China, on average, to double its GDP every eight years and
helped raise an estimated 800 million people out of poverty. China has become the
world’s largest economy (on a purchasing power parity basis), manufacturer,
merchandise trader, and holder of foreign exchange reserves. As China’s economy has
matured, its real GDP growth has slowed significantly, from 14.2% in 2007 to 6.6% in
2018, and that growth is projected by the International Monetary Fund (IMF) to fall to
5.5% by 2024.
The Chinese government has made innovation a top priority in its economic planning
through a number of high-profile initiatives, such as “Made in China 2025,” a plan
announced in 2015 to upgrade and modernize China’s manufacturing in 10 key sectors
through extensive government assistance.

Ans 2:

Years I G C A
(Capital Government Consumption Absorption
Investment) in Expenditure ( in Billions of ( C+I+G)
Billions of USD ) ( In USD ) USD )
1992 170.07 391.285 193.28 754.635
Billion
1993 196.76 510.052 195.68 902.492
Billion
1994 231.08 682.618 248.83 1162.528
 Billion
1995 291.50 812.507 336.17 1440.177
Billion
1996 331.44 942.642 404.85 1678.932
Billion
1997 349.42 1.088 Trillion 441.82 1879.24
1998 367.15 1.264 Trillion 468.91 2100.06
1999 382.51 1.471 Trillion 506.32 2359.83
2000 417.06 1.668 Trillion 567.59 2652.65
2001 487.84 1.784 Trillion 612.64 2884.48
2002 545.24 1. 899 Trillion 665.41 3109.65
2003 674.6 2.017 Trillion 716.97 3408.57
2004 838.74 2.25 Trillion 804.50 3893.24
2005 946.19 2.622 Trillion 918.11 4486.3
2006 1,126.54 3.061 Trillion 1055 5242.54
2007 1,472.85 3.644 Trillion 1311 6427.85
2008 1,989.48 4.213 Trillion 1659 7861.48
2009 2,,373.13 4.607 Trillion 1854 8834.13
2010 2,904.64 5.294 Trillion 2157.33 10355.97
2011 3,611.04 6.449 Trillion 2732.06 12792.1
2012 4,043.53 7.258 Trillion 3145.24 14446.77
2013 4,552.65 8.058 Trillion 3546.96 16157.61
2014 4,927.52 8.577 Trillion 3947.97 17452.49
2015 5,023.46 9.629 Trillion 4271.06 18923.52
2016 4,953.53 10.647 4416.33 20016.86
Trillion
2017 5,384.9 11.919 4704.44 22008.34
Trillion
2018 5,995.27 13.213 5266.116 24474.386
Trillion

China (Output/ Absorption) Data:

Years Output (in Billions USD) Absorption ( in Billions
USD
1992 426.915 754.635
1993 444.731 902.492
1994 564.324 1162.528
1995 734.547 1440.177
1996 863.746 1678.932
1997 961.603 1879.24
1998 1029 2100.06
1999 1093 2359.83
2000 1211 2652.65
2001 1339 2884.48
2002 1470 3109.65
2003 1660 3408.57
2004 1955 3893.24
2005 2285 4486.3
2006 2752 5242.54
2007 3550 6427.85
2008 4594 7861.48
2009 5101 8834.13
2010 6087 10355.97
2011 7551 12792.1
2012 8532 14446.77
2013 9570 16157.61
2014 10438 17452.49
2015 11015 18923.52
2016 11137 20016.86
2017 12143 22008.34
2018 13608 24474.386

China Output/Absorption Graph:

 30000

25000

20000

15000

10000

5000

0
93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16 17 18
1 19 19 19 19 19 19 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20 20
9

Grey line: Absorption (in Billions of USD)

Blue line: Output (in GDP Billions of USD)

China Real Investment Data (NCU)

Years Real Investment of China (NCU)
2005 9,680,390,963,790
2006 11,187,116,537,390
2007 13,140,521,860,028
2008 14,966,619,163,548
2009 18,136,572,906,179
2010 21,144,253,879,437
2011 23,223,278,278,762
2012 24,985,641,905,628
2013 27,377,248,122,108
2014 29,433,328,397,838
2015 31,283,571,660,000
2016 33,273,347,388,235
2017 34,901,783,027,644

China Real Investment Graph:

China Net National Savings (Data):
Years Net National Savings (in USD)

1992 133,766,000,000
1993 139,360,000,000
1994 173,362,000,000
1995 207,746,000,000
1996 231,291,000,000
1997 263,140,000,000
1998 256,750,000,000
1999 248,523,000,000
2000 260,906,000,000
2001 305,383,000,000
2002 358,648,000,000
 2003 458,013,000,000
2004 597,511,000,000
2005 701,541,000,000
2006 891,829,000,000
2007 1,203,500,000,000
2008 1,555,180,000,000
2009 1,633,640,000,000
2010 1,981,630,000,000
2011 2,231,900,000,000
2012 2,368,910,000,000
2013 2,466,650,000,000
2014 2,659,240,000,000
2015 2,634,680,000,000
2016 2,511,510,000,000
2017 2,765,130,000,000

China Net National Savings (Graph):

China Current Account Balance Data:

Years Current Account Balance (Millions of
USD)
2005 K 132,378.5
2006 231,843.0
2007 353,182.7
2008 420,568.5
2009 243,256.6
2010 237,810.4
2011 136,096.8
2012 215,391.7
2013 148,203.9
2014 236,046.6
2015 304,164.4
2016 202,203.4
2017 195,116.7
2018 25,499.2
2019 141,335.5

China Current Account Balance Graph: