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China GDP figures wrong by $753 billion: Report

Published on Oct 30, 2013 5:36 PM
 

BEIJING (AFP) - China's economy would be at least 3.7 trillion yuan (S$753 billion) bigger than Beijing thinks if the country's local government statistics were to be believed, state media reported on Wednesday.

The Economic Information Daily tallied up gross domestic product (GDP) data from 28 of mainland China's 31 provincial-level authorities, totalling 42.4 trillion yuan for the first nine months of the year.

But the figure for the whole country, already announced by Beijing, is 3.7 trillion yuan lower.

The discrepancy - which has been in place for more than two decades - has been widening rapidly in recent years, the Economic Information Daily said.

 
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