- China is changing the way it calcuates GDP to bring it into line with international standards and improve the accuracy of the numbers, which have long been derided by even the most senior government figures.
- The National Bureau of Statistics believes that the new system will enable it to trace short-term economic fluctuations more quickly and provide improved data references.
- China's Q2 GDP officially grew 7%, although many economists believe that the expansion was much slower.
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