The GDP of China in 1st Quaeter-07 (absolute value which is computed at current price) is 50287 (100 mil Yuan,

Question

while in the 2nd quarter-07 it is 106768 which show 112.3% growth over the 1st quarter. How is it possible????

data source: www.stats.gov.cn

Answer 1

Are both figures in real terms? ie has there been 112% growth, in real terms? I think not! Unless, of course these figures are not seasonally adjusted. One quarter crops (for example) would be in the ground and growing. Not included in figures. Harvest ocures in next figures - the production process was going on but no sales until crops harvested.