Quarter-on-quarter GDP
Source: Xinhua |
April 9, 2011, Saturday
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Print Edition
Print Edition
CHINA'S National Bureau of Statistics yesterday said it will publish quarter-on-quarter GDP growth results from this month, a common practice in developed countries, to better reflect economic changes.
The NBS will also release the month-on-month growth of industrial output, fixed-asset investment and retail sales. China formerly published the macro-economic data on a yearly basis. The new move is a part of the statistical reform initiated in 2009.
"The new mechanism may more accurately reflect short-term economic changes to provide better information for macro-economic policy-making," said Peng Zhilong, director of the Department of National Accounts of NBS.
The NBS will also release the month-on-month growth of industrial output, fixed-asset investment and retail sales. China formerly published the macro-economic data on a yearly basis. The new move is a part of the statistical reform initiated in 2009.
"The new mechanism may more accurately reflect short-term economic changes to provide better information for macro-economic policy-making," said Peng Zhilong, director of the Department of National Accounts of NBS.
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