China challenge the numbers (Trend of china budget, budget per capita and budget size index)
1.Incredible growth of China in Governmental Weight (GW) index rooted from the economy growth of china, and it’s strictly effected on their budget size. China budget, in yuan, in last 20 years had increase 12 times in comparison with 2000 and from 1,240 billion yuan in 2000 reached to 19,943 billion yuan in 2018. China is a productive and industrial country that build must of infrastructure with internal potentials. Then the yuan budget growth lead to effective development in China. China budget trend shown us they have just one budget contraction in 2016, and in all the rest years, their budged had increased flow. China national budget at 2018, in comparison to 2000, had 1,100 percent growth. We must say they challenge the numbers conception and this is raised from where?
2.In dollar, China national budget in 2018 equal to 3670 billion dollar, that in comparison to 2000, which it was 500 billion dollar, had 660 present growth. By attention to the US dollar exchange rate in china and tension between in two currency in last year’s, the China budget growth in dollar wasn’t coordinated flow with yuan budget growth rate. It seems that China governance by controlled of decline flow in yuan price, hiding some disability on the economic sector (such as low-income and unbalance trade relations) but yet, the China case is fantastic and incredible. also I must pointed that in comparison with last 20 years china by strengthen of own national currency, along with increase of industrial sectors, playing as a effective economic player in world, which everyone know this not easy.
3.China budget per capita (BPC) in last 20 years had an unbelievable growth which in 2018 via 1973% growth in comparison with 2000 (which it was $127), at the 2018 reached to $2633. In fact this is not a normal growth look like other countries, because this is a kind of economic revolution in political economy. The present growth sounds is that, at now the Chinese people getting more facilities in comparison with last 20 years ago and last generation. Then they have more welfare and they are reduce their distance with sustainable development. The present level of national budget lead to Chinese government grows own efficiency, and also the Chinese people economic efficiency reach to reasonable amount. At know the Chinese government efficiency is 3 times bigger than of 20 years ago.
4.The other important subject about the Chinese people economic efficiency is that their growth rate in GDP Is bigger than of most others country indicator in gross domestic product. Their GDP per capita in 2018 was equal to $8827, and it was $959 in 2000. Then we can see they have 820% growth in GDP per capita in last 20 years. Although, their growth rate in GDP is lower than of their growth rate in budget and budget per capita, but with a reasonable view, must be considered this type of growth is miracle.
5.The B index in China, that it shown us the budget per capita (BPC) amount distance in under review country, with best amount of BPC in the under review year, was in 2000 equal to 5.4 of 100. Of course this number in China isn’t good index in comparison with welfare States, but when we see China growth in the B index at least in last 20 years, their 815% growth in B index proof that China move to forward fastly but by new USA orders in international community, maybe this flow will be stop. We anticipate in 2019 the B index flow, in the optimistic analysis will not grow, and in a pessimistic view, will be faced with 5-8% Fallen.
6.The other amazing economic indicator in China that was increased in last 20 years, is their BPL or budget per land amount. China in 2000 pay $16.5 for each square meter and in 2018 they paid more than of $382 for each square meter, which it has 23 time bigger than in comparison with BPL amount in 2000. I think that the present situation of infrastructure in China is an amazing situation, but much of them a thing that lead to my confusing is that, who they growth their populations along with all the economic factors?
Maysam Araee Daronkola