Macroeconomic Developments in China: The Statistical Challenges

  • Marco Marini
  • Francesco Zollino


The paper describes the statistical system in China, with a specific focus on the quarterly national accounts and the main source data. After reviewing the progress already made to meet increasing demand for short-term indicators by domestic and international users, we focus on four key issues that remain unresolved, namely: (1) the compilation of discrete data as against the current cumulative reporting; (2) the controversial identification of moving holidays and seasonal effects; (3) the need for new and better targeted source data to monitor infra-annual developments more effectively; (4) the remaining statistical gap for a demand-based estimation of quarterly GDP. To address these questions, we concluded that basic source data and agents reporting strategies need to be carefully reviewed and the possibility considered that sample surveys may soon complement administrative registers more often than in the current practice. Room for further, major progress in the quarterly national accounts of China could be limited in the very short term and the main pitfalls currently affecting source data must therefore be addressed as a matter of urgency.


National Account Current Prex Seasonal Adjustment Annual Account Residual Approach 
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Copyright information

© Springer-Verlag Berlin Heidelberg 2012

Authors and Affiliations

  1. 1.Department of National AccountsIstatRomeItaly
  2. 2.Economic Outlook and Monetary Policy DepartmentBank of ItalyRomeItaly

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