China to issue revised local GDP figures under new mechanism from 2020
China will revise its historical regional GDP data under a unified accounting mechanism from early next year. The Chinese economy grew at an annual pace of 6.0 per cent in the July-September quarter, the slowest growth since 1992.
The National Bureau of Statistics new mechanism will unify the standards and procedures for calculating national and local GDP numbers which had been calculated under different accounting methods adopted by local and national statistics authorities since 1985.
the reform is expected to close the current discrepancy between national and regional figures, improving data quality while enhancing the credibility of the government statistics.
China will revise its historical regional GDP data under a unified accounting mechanism from early next year. The Chinese economy grew at an annual pace of 6.0 per cent in the July-September quarter, the slowest growth since 1992.
The National Bureau of Statistics new mechanism will unify the standards and procedures for calculating national and local GDP numbers which had been calculated under different accounting methods adopted by local and national statistics authorities since 1985.
the reform is expected to close the current discrepancy between national and regional figures, improving data quality while enhancing the credibility of the government statistics.
No comments:
Post a Comment