Regional Convergence in China

Six years ago, all of China’s regions were still growing at a real rate of 10 percent or more. Taking into account population growth to capture improvements in productivity, 26 out of China’s 31 regions expanded by at least 10 percent (in real per capita terms) at the time. In 2012, the number of exceptionally fast-growing regions decreased to 23, meaning three-quarters of China’s regions were still performing exceptionally well. By 2014, however, only five regions boasted double-digit growth. D

Source: Peterson Institute (PIIE)