Caixin
May 03, 2018 08:24 PM
ECONOMY

Investment Data Becoming More Accurate as China Discards Soviet System

For decades, China measured FAI based on a system set up in the early 1950s that was closely modeled on the one used by the Soviet Union at the time. Photo: VCG
For decades, China measured FAI based on a system set up in the early 1950s that was closely modeled on the one used by the Soviet Union at the time. Photo: VCG

* China’s method for calculating fixed-asset investment dates back to the 1950s

* Change aims to fight the long-running problem of fabricated data

(Beijing) — China is shaking up the way it measures fixed-asset investment, dropping a widely manipulated system it inherited from the Soviet Union in favor of a more-reliable method that uses better-documented data.

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