There are two ways to disaggregate GDP data. One is the expenditure approach, under which GDP is disaggregated into consumption, investment, government spending, and net exports. The expenditure approach is the most common method by which GDP data are reported for China and for other countries. The alternative approach is the income approach, under which GDP is divided into the following components: (1) labor income (i.e., wages and benefits), (2) capital income (i.e., business profits, interest, and rent), (3) depreciation, and (4) taxes (i.e., income to the government).
