Survey result not to affect China's economic policymaking
Updated: 2005-12-20 14:26
China's top statistician Li Deshui told a press conference in Beijing on
Tuesday that results from the national economic survey will not affect the
nation's macro-economic policy.
The changes in the figures do not mean the traditional statistics have misled
China's policy-making, he said, noting that the former figures did reflect the
general level and development trend of China's economy, though they might have
slightly undervalued the economic volume.
Li further added, the major problems of China's economy, including high
energy consumption, low economic efficiency and the extensive mode of economic
growth, did not change with the adjustment of statistical figures.
Result of the survey also showed some optimistic implications. For example,
it showed that the service industry has contributed greatly to China's economic
growth, and consumption is also an important propeller of the economy, according
"The structure of China's economic growth turned out to be more rational and
healthy, which can give us confidence in a long-term rapid growth and will also
help the nation in mapping out its macro-economic policy," he