China revises preliminary calculation of 2020 GDP

At constant prices, the 2020 GDP increased 2.2 percent year on year, down 0.1 percentage point from the preliminary calculation, official Chinese media reported citing NBS data.

China's annual GDP goes through two sets of accounting in accordance with the current national economic accounting system. The first is the preliminary calculation of GDP, which will be revised in a final verification based on the annual statistical data, fiscal final accounts and departmental administrative records.

ALCHEMPro News Desk (DS)