Home / Knowledge / News / Textiles / China to issue revised local GDP numbers

China to issue revised local GDP numbers

01
Jan '20
Pic: Shutterstock
Pic: Shutterstock
China will revise historical regional gross domestic product (GDP) data under a unified accounting mechanism to be introduced early this year, the National Bureau of Statistics said recently. The new mechanism will unify the standards and procedures for calculating national and local GDP numbers, which had been calculated under different accounting methods.

Local and national statistics authorities have been adopting varying accounting methods since 1985, the bureau said in an online statement.

The reform is expected to close the current discrepancy between national and regional figures, improving data quality while enhancing the credibility of government statistics, an official news agency cited the bureau as saying.

To ensure data comparability, the country will also revise historical local GDP figures and publish them in 2020, the bureau said. The revised figures for 2018 will be released together with the 2019 numbers.

As the economic activities of some government institutions are only reflected in the national GDP, the combined regional number will be slightly lower than the national amount.

Fibre2Fashion News Desk (DS)


Must ReadView All

Pic: Shutterstock

Textiles | On 16th Jan 2021

Pak FCCI signs MoU to tap North American markets

The Faisalabad Chamber of Commerce & Industry (FCCI) recently signed...

Pic: Shutterstock

Textiles | On 16th Jan 2021

PRC increases Australian wool import quota

Australia's department of foreign affairs and trade has confirmed...

Pic: Edinburgh Woollen Mill

Retail | On 16th Jan 2021

Edinburgh Woollen Mill saved in deal, 1500 jobs protected

A deal recently saved collapsed UK retail company Edinburgh Woollen...

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Technical textiles industry moving back to Europe

Darshan Mehta, Infinium Polychem

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Textile Industry, Head honchos

Textile Industry
Head honchos

There's lot more potential in women than what we are witnessing today

Priyanka Salot,

Priyanka Salot

The Sleep Company was established to upgrade the sleep quality of every...

Francesco Gozio,

Francesco Gozio

Italian company Marzoli is a leading manufacturer of the complete line of...

Lukas Hartmann,

Lukas Hartmann

Intex Consulting GmbH is a completely integrated enterprise resource...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Silke Brand-Kirsch, Schlegel und Partner GmbH

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


January 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search