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

Canadian CPI

Inflation data is the most important indicator that affects the central bank’s monetary policy.

Popular

Asian shares tumble with Japan markets shut

On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…

Greenback surges as yields soar

On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…

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