GDP data in fraud crackdown will be unveiled by China

GDP data in fraud crackdown will be unveiled by China

In China, the National Bureau of Statistics is on the verge of taking over data collection at the regional level staring from 2019. That’s what a government official informed. The move is expected to replace the current system in which the combined economic output of the country’s provinces has long surpassed national output assessed by the NBS.

On Monday, National Bureau of Statistics Deputy Head Li Xiaochao told that there had been considerable improvement in the long-standing discrepancy between national as well s regional GDP reports.

The Chinese government had boosted inspections of potentially fraudulent data. Additionally, the government was trying to unify the accounting systems utilized by local and national authorities.

The NBS is going to work with regional statistics agencies for the purpose of compiling regional data, with regional and national data to be published together once the new system is launched.

Similar

Latest news

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera