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China Revises 2018 GDP Upwards By 1.9 Trillion Yuan Following Review Of ‘National Economic Census’
from a manufacturing factory in China (JOHANNES EISELE/AFP/Getty Images))
China on Friday (22 November) raised its GDP for 2018 to 91.93 trillion yuan ($13.08 trillion), 2.1 per cent more than the previously stated figure, following the latest revision of the calculations by China's National Bureau of Statistics (NBS).
The revised figure is 1.9 trillion yuan more than the one reported in January, according to the NBS statement, reported Efe news.
This review corresponds to a final verification of Chinese GDP and was carried out after the 2018 national economic census, the fourth of its kind conducted in the country, after 2004, 2008 and 2013.
Despite this rise in nominal terms, NBS said the situation will not have a significant impact on 2019 GDP growth.
The Chinese authorities set a GDP growth target of between 6 and 6.5 per cent for the current year, which international institutions such as the International Monetary Fund believe to be within its reach.
(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)
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