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China's GDP growth rates increased with new method


07-07-2016 05:08 BJT

China is gearing itself to conform to international norms in its GDP accounting. The National Statistics Bureau says the method of calculating GDP has been reformed. The GDP of 2015 increased by over 880 billion yuan after the amendment, up by 1.3 percent.

The average annual increase of GDP over the past ten years has been increased by 0.06 percent. The reform also brings some changes to last year's GDP makeup. The manufacturing sector's share last year has slightly increased by 0.4 percent, while the agriculture shares dropped slightly by 0.1 percent and the service sector's by 0.3 percent.

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