Date
21 October 2017

Govt to begin using new GDP calculation by end-2014, HKEJ says

The government will begin using a new system of calculating gross domestic product (GDP) growth by the end of 2014 in line with international standards, the Hong Kong Economic Journal reported Sunday, citing Xu Xianchun, deputy chief of the National Bureau of Statistics. The new system is not expected to drastically change the GDP framework but may see adjustments in ranges and methods of calculation. The current system is outdated and does not meet the demands of economic transformation, the report quoted Xu as saying.

– Contact HKEJ [email protected]

TL/AC/RA

 

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