Skip to main content

Structural Transformation in China 1952-2013

Just checking the Chinese economic data (subscription required), and decided to look at the structural changes more or less since the Communist takeover, as shown below.
The interesting thing is that while the size of agriculture diminished significantly throughout the whole period, industry more or less reached its current level at the beginning of the opening period. Most of the growth in the post-liberalization period has been in services, which has gone hand in hand with the urbanization process.

Of course the results are a little bit deceiving. The primary sector is basically agriculture and the secondary contains the bulk of manufacturing, but the tertiary includes some industries too. For the definitions go here. Still interesting result. By the way, by 2013 the tertiary sector is finally bigger than the secondary.


  1. I'm increasingly convinced that the "Primary, Secondary, Tertiary" sector breakdown conceals as much as it reveals. Particularly, its tertiary that I have an issue with. In the link provided its defined as "all other industries not included in primary or secondary industry." When "services" include informal sector self-employed street vendors, public services such as education and healthcare, and the FIRE industry, for example, is this really best understood as a single coherent category?


Post a Comment

Popular posts from this blog

What is the 'Classical Dichotomy'?

A few brief comments on Brexit and the postmortem of the European Union

Another end of the world is possible
There will be a lot of postmortems for the European Union (EU) after Brexit. Many will suggest that this was a victory against the neoliberal policies of the European Union. See, for example, the first three paragraphs of Paul Mason's column here. And it is true, large contingents of working class people, that have suffered with 'free-market' economics, voted for leaving the union. The union, rightly or wrongly, has been seen as undemocratic and responsible for the economics woes of Europe.

The problem is that while it is true that the EU leaders have been part of the problem and have pursued the neoliberal policies within the framework of the union, sometimes with treaties like the Fiscal Compact, it is far from clear that Brexit and the possible demise of the union, if the fever spreads to France, Germany and other countries with their populations demanding their own referenda, will lead to the abandonment of neoliberal policies. Aust…

A brief note on Venezuela and the turn to the right in Latin America

So besides the coup in Brazil (which was all but confirmed by the last revelations, if you had any doubts), and the electoral victory of Macri in Argentina, the crisis in Venezuela is reaching a critical level, and it would not be surprising if the Maduro administration is recalled, even though right now the referendum is not scheduled yet.

The economy in Venezuela has collapsed (GDP has fallen by about 14% or so in the last two years), inflation has accelerated (to three digit levels; 450% or so according to the IMF), there are shortages of essential goods, recurrent energy blackouts, and all of these aggravated by persistent violence. Contrary to what the press suggests, these events are not new or specific to left of center governments. Similar events occurred in the late 1980s, in the infamous Caracazo, when the fall in oil prices caused an external crisis, inflation, and food shortages, which eventually, after the announcement of a neoliberal economic package that included the i…