China News Service, Beijing, February 5 (Reporter Wang Enbo) The National Bureau of Statistics of China has recently announced the final verification of China's GDP in 2019, and the total GDP has decreased from the preliminary calculation.
Sheng Laiyun, deputy director of the National Bureau of Statistics, said in an exclusive interview with China News Agency "China Focus Face-to-face" that this adjustment and revision is a normal institutional arrangement. Unlike some netizens ridiculed, it is to increase GDP in 2020. Growth rate.
Sheng Laiyun, deputy director of the National Bureau of Statistics, accepted an exclusive interview with China News Agency "China Focus Face to Face".
Photo by China News Agency reporter Jiang Qiming
According to information released by the National Bureau of Statistics, after final verification, in 2019, China’s GDP at the current price totaled 98,651.5 billion yuan (RMB, the same below), a decrease of 435 billion yuan from the preliminary calculation; calculated at constant prices, compared with the previous year An increase of 6.0%, a decrease of 0.1 percentage point from the preliminary calculation.
Sheng Laiyun said that the revision only lowered the total GDP in 2019 by 435 billion yuan, which has little effect on the growth rate of the total GDP in the hundreds of billions.
He said that it is an institutional arrangement because the accounting system of the National Bureau of Statistics has been made public on the Internet, which stipulates that China's GDP accounting must go through two stages.
The first phase is at the beginning of the year. For example, at the beginning of 2020, the number of express reports for 2019 will be released. At the end of that year, the National Bureau of Statistics will release the final verification data of the previous year's GDP.
GDP revision is also an international practice. For example, the United States revises more frequently, four times a year, and Japan three times.
Sheng Laiyun, deputy director of the National Bureau of Statistics, accepted an exclusive interview with China News Agency "China Focus Face to Face".
Photo by China News Agency reporter Jiang Qiming
Regarding the necessity of the second stage GDP verification data, Sheng Laiyun pointed out that it is because he has more basic data needed for accounting.
Therefore, the final verification data is more accurate and objective, because the information it possesses is more comprehensive.
"A final verification of GDP data is carried out in the spirit of seeking truth from facts." (End)