Survey result not to affect China's economic policymaking
(Xinhua)
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 to Li.

"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 said.