皇冠体育app

皇冠体育app will reform gross domestic product (GDP) calculation and statistics release based on international standards, so that the statistics objectively reflect the performance of the economy.

Li Deshui, director of 皇冠体育app's National Bureau of Statistics ( NBS), said here Thursday that the reform plan had been approved by the State Council, and will be implemented by NBS. He pointed out 皇冠体育app's GDP calculation method, initiated in 1985, had been improved gradually. However, the calculations still had some problems due to the lack of a regular adjusting and revising mechanism. Some traditional methods did not comply with international norms, arousing some criticism from the international community.

Li said the reform plan will mainly focus on the annual and quarterly GDP calculation. Important statistics relevant to GDP and the method of calculation will be announced to the public if necessary. Monthly GDP figures would no longer be released except in special circumstances.

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