China´s GDP revisions and their implications (Dec. 23) 12-26-2005 14:50

Air Time: Dec. 23



Tang Min, Deputy Representative of ADB Beijing

Ha Jiming, Chief Economist, China International Capital Corporation Limited

Recently, China revised its economic data for 2004 after a yearlong nationwide economic census uncovered a huge amount of hidden economic output. As a result, the country鈥檚 GDP t for last year is now estimated at nearly $2 trillion, making it the sixth-largest economy in the world.

Why has there been such a huge difference between the original and revised numbers? What might be its implications on China鈥檚 policy making and social and economic outlook? And will China鈥檚 statistics become more credible after this?

Editor:Chen Zhuo

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