China changes GDP calculations again

Beijing

CHINA has altered its gross domestic product calculation method for the second time in less than a year, officials said on Tuesday, amid doubts among overseas investors about data accuracy. The change in the treatment of research and development spending by the National Bureau of Statistics (NBS) added US$131 billion to the size of the world's second-largest economy last year, it said in a statement.

It also revised the GDP figures going back to 1952, changing the growth statistics for 22 out of the 63 years in question.