QNA by Production Approach in China. National Account Department, NBS MAY 20 th,2015
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1 Approach in China National Account Department, NBS MAY 20 th,2015 1
2 Outline 1 The current QNA approach 2 Data sources 3 Classification 4 Seasonal Adjustment 5 Revision and release policy 6 QNA improvement progress 2
3 The current QNA by production approach QNA approach QNA by production approach Accumulated Estimation From 1992 Classification 40 economic activities, but only release 9 industries Main measurement Set up the relationship between and benchmarks Benchmarks = value added Base on growth rate of
4 Data sources Selection of Indicators s from statistical Office s.t Industrial enterprise survey data, wages, revenue... Administrative data s.t transport volumes, tax, fiscal revenue, loans and deposits PPI CPI components, retail price index, housing sales index, land trading index, wage index
5 Agriculture, Forestry, Animal Husbandry and Fishery Industry Construction Classification Wholesale and Retail Trade Hotels and Catering Services Financial Intermediation Transport, Storage and Post Real Estate Other Services 5
6 Agriculture, Forestry, Animal Husbandry and Fishery :values/quantities Actual harvest data The survey data of agriculture, animal husbandry, forestry and fishery : NBS : Agriculture product index 6
7 Industry for Mining, Manufacturing Production and Supply of Electricity, Gas and Water :values/quantities Industrial enterprise survey data, including up-scale and below-scale Main product quantity data : NBS :PPI 7
8 Construction :values Gross output of construction enterprises : NBS : fixed capital investment price index 8
9 Transport, Storage and Post :values/quantities transport volumes by railway, road, water line and airline The volume of post services Service turnover Tax data :MOC, MIIT, NBS, SAT : CPI components 9
10 Wholesale and Retail Trade :values Retail sales Wholesale sales : NBS : Retail price index 10
11 Hotels and Catering Services :values Turnover of star hotels Catering turnover above-scale : NBS : CPI components 11
12 Financial Intermediation :values/quantities Loads and deposits Premium revenue Stock turnover : NBS, PBC, CIRC, CSRS : CPI components, fixed capital investment price index 12
13 Real Estate :values/quantities Commercial housing sales Wages Owner-occupiers service : NBS : Housing sales price index 13
14 Other services :values Wages Operating revenue Tax data :NBS,SAT : CPI components 14
15 Public Management and Social Organizations :values Fiscal expenditure data :MOF : CPI components 15
16 Seasonal Adjustment NBS Software Chinese special holiday spring festival tomb-sweeping day mid autumn day Golden weeks May, October 16
17 Revision and release policy The first estimation The second estimation The final estimation Revision and release policy Press conferences, bulletins, English website, yearbook 17
18 The current QNA by production approach and improvement progress Drawback It is calculated by accumulated estimation, not discrete estimation can not satisfy SDDS requirement Different from international practice. QNA improvement progress Plans begin from 2013 Carry out at
19 Thanks! 19
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