Last year, the total GDP of the country surpassed that of the national Ma Jiantang at the National Statistical Work Conference. "At the 2009 China National Economic Operation Conference, a reporter asked: Last year China’s GDP growth rate has reached 8.7%, of which 10.7% in the fourth quarter. Is there an economic overheating phenomenon? In fact, GDP will be higher from the local total."
The sum of local GDP is higher than the national accounting data for a long time. In the first half of 2009, national GDP increased by 7.1% year-on-year. According to local data, only five provinces are lower than the national speed, one is flat, one is not finalized, and 24 provinces are higher than the national speed, and 15 provinces have a growth rate of more than 10%. After the total data is added, the national data is close to 10%. In the first half of 2009, the sum of local GDP was higher than the national accounting data of about 1.4 trillion yuan.
Regional GDP will be calculated by the state. Ma Jiantang did not disclose the specific figures of the year 2009 where the sum of local GDP is higher than the national level. He said that he will promptly propose a national unified accounting regional GDP plan.
At present, China's GDP accounting adopts a hierarchical accounting system, and the state and local governments separately calculate GDP. The National Bureau of Statistics reviews the GDP data of each province. The grading accounting system has the disadvantages of regional GDP accounting being vulnerable to local intervention. The international practice is that regional GDP is uniformly accounted for by the state.
The first quarter of the official launch of the ring statistics. Ma Jiantang also said that the first quarter will officially launch the main statistical indicators of the ring system, sensitive and accurate reflection of China's economic performance, will end China's basic non-production statistics.
According to experts, the ring data will reflect the economic trend more sensitively than the year-on-year data, thus improving the pertinence and effectiveness of macroeconomic policies.
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