Pilot reform to improve data credibility

Revamped system to make data on fixed-asset investment more accurate

The central government's fixed-asset investment reform trial in four regions across the nation will greatly improve the credibility of the nation's economic indictors, an expert said on Friday.

"Fixed-asset investment plays a key role in driving China's economic growth, so working on the pilot reform of fixed-asset investment and ensuring accuracy of the data is significant for improving our country's ability to exercise macro control," said Ma Jiantang, head of the National Bureau of Statistics, at a meeting in Xi'an, Shaanxi province.

Ma added that to reflect China's fixed-asset investment situation more accurately, the existing system will be revamped.