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 27th Jan 2020

Textiles industry expects new allocations in Union Budget

Indian textiles industry is expecting the Union Budget 2020-21 to be...

Pic: Shutterstock

Textiles | On 27th Jan 2020

Make MEIS withdrawal prospectively: Made-ups exporters

In the wake of Government of India's decision to withdraw Merchandise ...

Pic: Shutterstock

Textiles | On 27th Jan 2020

Indian growth slowdown temporary: IMF chief

International Monetary Fund (IMF) chief Kristalina Georgieva has said ...

Interviews View All

Shiladitya K Joshi, Truetzschler India Private Limited

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Mukesh Agarwal & Rajesh Agarwal, Madhuram Fincap Pvt Ltd

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Frank Gossmann, Rotorcraft AG

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Manoj Sorathiya,

Manoj Sorathiya

Surat-based Sunrise Imports & Exports Co is a manufacturer and...

Christiane Thies,

Christiane Thies

Founded in 1892, Thies has concentrated on the fabrication of high-quality ...

Kamal Kulshreshth,

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

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

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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 2020

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


Advanced Search