#AskChina @CCTVNEWS. Get definitive answers! Q11: Some people have noticed that Chinas provincial #GDP added up does not correspond to the national GDP. What is the explanation for this? A11: This question concerns a Chinese GDP calculation system. We have a classification for GDP calculation. The State calculates the national GDP. The province calculates the provincial GDP. But due to technical reasons, we fail to pick out the overlap part in the provincial GDP calculation. For example, the subsidiaries of a company are in Wuhan and Shanghai while the parent company is in Beijing. So when calculating the GDP, we calculate the GDP of the parent company to Beijing’s GDP. But we may also calculate the GDP of subsidiary company in Shanghai and Wuhan to the GDP of Shanghai and Wuhan. When calculating the national GDP, we need to pick out the GDP of Shanghai and Wuhan. So the national GDP is less than the total GDP of all provinces. This result is caused by technical reasons. But, we have to admit that there are some companies that don’t correctly report the data for personal purposes. The #NBS will investigate these companies according to the Statistic Law. What’s more, we have our own law enforcement team to investigate companies who may violate the law. Once we find the violation, we will expose it on internet.
Posted on: Fri, 14 Mar 2014 15:41:56 +0000
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