CKGSB Knowledge Authors

China’s GDP: The Big Number

January 21, 2015

In 2014, China’s GDP grew at 7.4%, the slowest in the last 24 years. A look at China’s GDP as a proportion of global GDP over the years.

China’s GDP (gross domestic product), and the rate at which it changes, is one of China’s most closely-watched statistics; the base from which so many economic and business decisions are made. The breakneck growth in GDP that China has achieved in the past three decades has often reached double digits and continues to define perceptions of its role and status in the world. But as the economy now slows, there is hand-wringing over the government’s target of annual GDP growth, and how it can be sustained.

Nonetheless, China is now the world’s largest economy according to the IMF when measure by purchasing power parity (the US represents 16% of the global economy). This is not the first time the country has been in this position–China has had a huge share of the world’s GDP from time immemorial, probably peaking in the early 19th century. However it still lags behind in other measures, and extending the fruits of this re-emergence to the Chinese people is now of the government’s main challenges.

Enjoying what you’re reading?

Sign up to our monthly newsletter to get more China insights delivered to your inbox.

Our Programs

The Biotech Innovation Program

Global Unicorn Program Series

This program equips CEOs and founders in the life sciences and biotechnology industry with the essential knowledge and connections needed to thrive in this rapidly evolving sector.

LocationUniversity of California, San Diego, USA

DateSeptember 9-13, 2024

LanguageEnglish

Learn more

CKGSB-ESMT Global Unicorn Program in Deep Tech

Global Unicorn Program Series

The program will provide practical business strategies to grow, scale, globalize, and potentially exit deep tech ventures and will touch upon the latest insights on deep tech advancements, such as AI, cutting-edge computing, and cybersecurity innovation.

LocationBerlin

DateOctober 28-31, 2024

LanguageEnglish

Learn more

Global Unicorn Program: Scaling for Success in the Age of AI

Global Unicorn Program Series

In collaboration with the Stanford Center for Professional Development (SCPD), this CKGSB program equips entrepreneurs, intrapreneurs and key stakeholders with the tools, insights, and skills necessary to lead a new generation of unicorn companies.

LocationStanford University Campus, California, United States

DateDec 09 - 13, 2024

LanguageEnglish

Learn more

Emerging Tech Management Week: Silicon Valley

This program offers insights into emerging technology developments and the skills required to innovate, grow, and transform your business strategy.

LocationUniversity of California, Berkeley, USA

DateNovember 3-8, 2024

LanguageEnglish

Learn more