Analysis: China’s Revised 2022 GDP Puts Spotlight on Finance and Manufacturing
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According to the final verification from the National Bureau of Statistics, China’s nominal GDP for 2022 was 120.5 trillion yuan, 548.3 billion yuan less than the preliminary figure.
Last month, China’s National Bureau of Statistics revised down the country’s 2022 nominal GDP by 548.3 billion yuan ($81.5 billion). The move raises questions about specific changes and why the revision was made.
Difference between preliminary accounting and final verification
China reports annual GDP in two steps: preliminary accounting and final verification.
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