GDP data methodology adheres to accepted standard

Some research bodies and media outlets have questioned the veracity of China's official GDP data, claiming it's exaggerated. Such allegations are groundless.

To comprehensively and accurately calculate its GDP data, China has formulated a set of GDP accounting methods that are based on the principles of the System of National Accounts applied by the United Nations and other major international organizations and which take into account its national conditions.

The scope of China's GDP accounting and its adopted principles and methods are in line with the SNA, while the standards for its industrial classification and the product classification are based on the International Standard Industrial Classification of all Economic Activities and the Central Product Classification system promulgated by the United Nations Statistical Commission. The classification of its household consumption expenditures introduced to its GDP data is also based on the Classification of Individual Consumption According to Purpose applied by the UN to classify both individual consumption expenditure and actual individual consumption. While the scope of the country's fixed assets and their classification are also basically in line with the SNA.