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Latest GDP figure is right on the money, says official

By Si Tingting | China Daily | Updated: 2009-07-23 07:46

A National Bureau of Statistics (NBS) official has rebuffed claims that the NBS could not have accurately produced its latest half-year economic data in the 15-day period it took to compile, pointing out that the department has the resources to ensure accuracy and efficiency.

The Heritage Foundation, a Washington-based conservative think-tank, had earlier questioned the reliability of China's economic data in a report entitled "China Refuses to Adjust Its Economy".

The report's author, Derek Scissors, a research fellow in Asian economic policy with the think-tank, asked in the report how China could "survey the economic progress of 1.3 billion people" in 15 days, concluding the economic results were "manufactured to suit the Communist Party".

Latest GDP figure is right on the money, says official

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