China’s economy was 3.4 per cent bigger last year than previously reported, government statisticians said on Friday, bringing the world’s second-largest economy a step closer to overtaking the US.
The revision adds Rmb1.92tn ($308bn) to China’s gross domestic product in 2013, an amount greater than Singapore’s entire economic output.
But the results of the country’s third economic census may do little to allay longstanding scepticism about China’s official data, as the statistics bureau chose not to apply the System of National Accounts, an international framework for compiling economic data.
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