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World Bank welcomes China's improved GDP data.
(From BBC Monitoring International Reports)
Text of report in English by official Chinese news agency Xinhua (New China News Agency)
Beijing, 20 December: The World Bank welcomes the release of new National Accounts data for China, according to a news release of the World Bank Tuesday [20 December].
The new data, released Tuesday, show a GDP estimated for 2004 some 16.8 per cent higher than was previously recorded, the World Bank said in the news release. The new figures show that China's economy is the world's seventh largest.
"These new GDP data are a major improvement over the previous ones," said Bert Hofman, chief of the Economics Unit …
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