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2004 GDP revised up 16.8%, ranking 6th largest economy
(Xinhua)
Updated: 2005-12-20 13:43 While many new services are mushrooming, data on their activities are often
underestimated, he acknowledged.
Li added that some of the services affiliated to manufacturing or
construction enterprises are estimated but classified into the secondary
industry, while more others are neglected.
The value-added of the secondary industry was 7.3904 trillion yuan in 2004,
151.7 billion more than the original data, while the industry's share in the GDP
shrank from the preliminarily estimated 52.9 percent to 46.2 percent, a drop of
6.7 percentage points.
"Through the survey, we are able to remove the 'water' from the statistics of
the manufacturing sector, in particular, from small-sized enterprises," Li said.
Analysts say some small firms, including township enterprises in the rural
areas, have been exaggerating their output figures to help local governments and
officials showcase their "political achievements" and seek promotion.
Li said the share of the primary industry was still based on the figure from
the annual preliminary estimation, as the industry was not covered in the
survey.
The value-added of the primary industry was 2.0956 trillion yuan, and the
industry's share in the GDP was 13.1 percent, 2.1 percentage points lower than
the preliminary figures.
Result from the latest survey will not affect the nation's macro-economic
policy, Li said. "The changes in the figures do notmean the traditional
statistics have misled China's policy-making."
The survey's leading group was set up under the State Council, China's
cabinet, and headed by Vice Premier Zeng Peiyan, with governments at all levels
and concerned departments participating in the event.
More than 3 million enumerators and supervisors were recruited,and another 10
million statistician and accountants from government agencies, enterprises and
institutions were mobilized to participate in the survey, according to Li.
More than 30 million questionnaires were collected in the survey with more
than 1.06 billion records of firsthand raw data, Li said, adding that a sample
survey showed that the comprehensive reporting error was only 4.9 per thousand,
within the 1-percent target.
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