Catch up – China revises up 2023 GDP by 2.7% from earlier estimate

China’s Nationwide Bureau of Statistics (NBS) introduced the revision on Thursday, following the completion of the fifth Nationwide Financial Census:

• Gross home product (GDP) in 2023 was raised by three.four trillion yuan to 129.four trillion (US$17.73 trillion)
• mentioned the change would have little affect on progress this yr

China’s Nationwide Financial Census is a complete survey carried out by the Chinese language authorities to gather detailed information on the nation’s financial actions. It’s usually carried out each 5 years and goals to supply a whole image of the construction, dimension, and efficiency of China’s financial system. The census is managed by the Nationwide Bureau of Statistics (NBS) in collaboration with native governments.

NBS added:

• “General, the Fifth Nationwide Financial Census has yielded fruitful outcomes, with the main information objectively reflecting the brand new progress and achievements in China’s financial and social improvement over the previous 5 years”

Extra information in Chinese language media, International Occasions, for instance.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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