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Expectation for Development in Economic Statistics

Outline. Review of Development in China's Economic StatisticsAnalysis of Present Economic Statistics SituationExpectation for Development in Economic StatisticsConclusion. Review of Development in China's Economic Statistics. Demands --- Economic entities' interests of the statistics of China's

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Expectation for Development in Economic Statistics

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    1. Expectation for Development in Economic Statistics

    2. Outline Review of Development in China’s Economic Statistics Analysis of Present Economic Statistics Situation Expectation for Development in Economic Statistics Conclusion

    3. Review of Development in China’s Economic Statistics Demands --- Economic entities’ interests of the statistics of China’s economy increased drastically during these years. Table 1 World Economic Outlook, April 2008

    4. Review of Development in China’s Economic Statistics Demands – Diverse needs from all kinds of economic entities. Table 2 Statistical indexes comparison

    5. Review of Development in China’s Economic Statistics Demands – Statistics for Special Events (eg: Olympic Games). Table 3 Statistics of Bank Outlets Dealing with Individual Sales and Purchases of Foreign Exchange in Qingdao

    6. Review of Development in China’s Economic Statistics Supply – Governments’ efforts in improving the statistical system in China. Table 4 Indexes Comparison of Balance of Payments in 1982 and 2006

    7. Review of Development in China’s Economic Statistics Supply – Technology Milestone: SAFE participated in the International Monetary Fund’s General Data Dissemination System known as GDDS in 2002 which greatly improved the country’s statistical system both in quantity and quality with the data provided.

    8. Review of Development in China’s Economic Statistics Supply – Improvements in laws and regulations published.

    9. Analysis of Present Economic Statistics Situation Achievements – Establish and complete the economic statistic indexes system according to China’s situation. Table 5 International Investment Position (millions of US dollars) ( From International Financial Statistics of IMF)

    10. Analysis of Present Economic Statistics Situation Achievement – China has kept a high speed on completing its indexes system comparing other developing nations. Table 6 Comparison of Budgetary Central Government between China and Brazil in 2005 ( From International Financial Statistics of IMF)

    11. Analysis of Present Economic Statistics Situation Achievement – Establish national economic accounting system and successfully transformed from NPS to SNA in 2004. Achievement -- Reform the statistic investigation methods and change the methods into the combination of periodic investigation and regular spot-check. Achievement -- The level of internationalization of China’s economic statistics has increased significantly.

    12. Analysis of Present Economic Statistics Situation Aspects need improvement – Completing the statistical indexes system. Table 7 Items that can not be found statistics in China’s WEO

    13. Analysis of Present Economic Statistics Situation Aspects need improvement – Detailed economic statistic indexes. Table 8 Index Comparison under the Category of ‘Interest Rate’ (From International Financial Statistics of IMF)

    14. Analysis of Present Economic Statistics Situation Aspects need improvement – Detailed economic statistic indexes. Table 9 Indexes Comparison under the Category of ‘Price, Production, Labor’ between the USA and China (From International Financial Statistics of IMF)

    15. Economic Statistics Development Notion Set goals with development sustainability: Indexes system needs more consideration about citizens’ life quality. Establish green national economic accounting system.

    16. Expectation for Development in Economic Statistics System of indexes should be more elastic and can be expanded smoothly according to the demand of economic development. The caliber of identical index in each department should be unified and the changes of index caliber and adjustments explanation should be announced in time.

    17. Expectation for Development in Economic Statistics Enhance authenticity and comprehensiveness of data. Establish publishing system with macro-economy statistics as monthly/quarterly/yearly. Enhance the disclosure of information and service consciousness to public and provide friendly, multiple channels for public to get information.

    18. Conclusion The economic statistical system has made marvelous development during the transformation of China’s economy system. The standardization and globalization of statistical system have basically satisfy the needs of economic entities. We hope that the economical statistical indexes system will be of more flexibility and consistent improving itself in statistical indexes explanation and publishing frequency.

    19. THANKS !

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