国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

China revises GDP calculation method

(Xinhua) Updated: 2016-07-05 15:39

China revises GDP calculation method

A Chinese worker processes steel at a factory in Qingdao city, East China's Shandong province, July 1, 2016. [Photo/IC]

BEIJING -- China's National Bureau of Statistics (NBS) has adopted a new method of calculating GDP that it says "better reflects the contribution of innovation to economic growth."

Research and development (R&D) expenditures that can economically benefit companies will no longer be calculated as intermediate consumption, but as fixed capital formation, the NBS said in a statement.

The adjustment was made according to the 2008 SNA (System of National Accounts), which was unveiled by five international organizations, including the United Nations, in 2009 to provide a "comprehensive, consistent and flexible set of macroeconomic accounts."

The NBS will use the method for future GDP calculations, and has also recalculated all figures dating back to 1952.

GDP for the previous six decades all rose due to the reform. In the past decade, the average annual increase in GDP volume due to the adjustment was 1.06 percent.

Recorded GDP growth rates in the past 10 years rose by an annual average of 0.06 percentage point. The growth rate for 2015 remained at 6.9 percent, revised upward by 0.04 percentage point.

The reform can "better reflect the contribution of innovation to economic growth," the statement said.

In recent years, China has promoted science, technology and creative development, with rapid growth in R&D expenditures and an increasingly important role for R&D to economic growth.

However, the old calculation method failed to reflect the importance of R&D, as intermediate consumption only measures value of goods and services that are transformed or entirely used up in the course of production.

In reality, R&D expenditures that yield economic benefit should not be considered "completely used up in the accounting period," and thus should be recorded as fixed capital formation, according to the 2008 SNA.

At present, most member countries of the Organization for Economic Cooperation and Development (OECD) and some developing countries use the 2008 SNA framework to calculate R&D expenditures.

For the world's second largest economy, reforming the GDP calculation method according to the same framework will bring China's GDP figures more in line with those of other countries, the NBS said.

Hot Topics

Editor's Picks
...
泰顺县| 建瓯市| 黄浦区| 公主岭市| 交城县| 莫力| 马尔康县| 富顺县| 将乐县| 徐汇区| 昌平区| 渭源县| 汝城县| 普兰店市| 克拉玛依市| 黄浦区| 通海县| 武宁县| 巴马| 唐河县| 且末县| 建阳市| 托克逊县| 利川市| 通道| 丰城市| 宕昌县| 富锦市| 绵竹市| 拜城县| 青田县| 兴安县| 曲麻莱县| 抚顺县| 霞浦县| 邻水| 吴忠市| 抚宁县| 建平县| 滕州市| 华容县|