Confusion in the Service Industry Data
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This chapter discusses some issues related to China’s service industry data and its role in the calculation of China’s GDP. The authors introduce several major adjustments to China’s service industry data and state that the current calculation of China’s GDP does not objectively reflect the size of the service industry. The chapter then introduces several empirical methods used in the analysis of service industry data. The authors also discuss the history of China’s statistical system transformation, the unsolved problems in the process, and the reasons behind the distortion of China’s service industry data. Finally, the authors present the estimated GDPs after adjusting the proportion of China’s service industry.