CONTENTS
FOREWORD = 3
INTRODUCTION = 9
Main features of national accounts in China = 9
Accounting system = 9
Input-output tables = 9
Regional accounts = 10
Quarterly national accounts = 10
Data sources = 10
Revision policy = 11
Statistical discrepancies = 12
National Accounts Department = 12
Publication of national accounts = 12
Reliability = 13
Bias in the basic statistics = 13
Agriculture = 13
Industry = 13
Services = 14
Prices = 15
Methodological issues = 15
Price indices = 15
Financial intermediation services indirectly measured(FISIM) = 15
Depreciation = 16
Overall assessment = 16
END NOTES = 19
CHAPTER ONE = 21
THE ESTIMATION OF GDP AT CURRENT PRICES BY INDUSTRIES = 21
Section One. Agriculture, forestry, animal husbandry and fishing = 21
Ⅰ. Gross output = 21
Ⅱ. Intermediate consumption = 25
Section Two. Industry = 27
Ⅰ. The value added of industry above the cut-off level = 27
Ⅱ. The value added of industry below the cut-off level = 30
Section Three. Construction = 30
Ⅰ. Gross output and value added of construction enterprises rated at qualification four and above = 31
Ⅱ. The value added of construction as a whole = 33
Section Four. Transport, post and telecommunications = 34
Ⅰ. Calculation of value added for the first group = 35
Ⅱ. The calculation of value added for the second group = 36
Section Five. Wholesale and retail trade and catering services = 37
Ⅰ. The value added of the first group = 38
Ⅱ. The value added of the second group = 38
Section Six. Banking and insurance = 39
Ⅰ. The value added of banking and insurance = 39
Ⅱ. Interest on saving deposit of households = 40
Section Seven. Real estate = 41
Ⅰ. Compensation of employees = 42
Ⅱ. Taxes on production, net = 42
Ⅲ. Depreciation of fixed assets = 42
Ⅳ. Operating surplus = 43
Section Eight. Government agencies, party organs and social organizations = 43
Ⅰ. Compensation of employees = 43
Ⅱ. Taxes on Production, net = 44
Ⅲ. Depreciation of fixed assets = 44
Section Nine. Other services = 44
Ⅰ. Compensation of employees = 44
Ⅱ. Taxes on production, net = 46
Ⅲ. Depreciation of fixed assets = 46
Ⅳ. Operating surplus = 46
CHAPTER TWO = 49
GDP ESTIMATES AT CURRENT PRICE ACCORDING TO THE EXPENDITURE APPROACH = 49
Introduction = 49
Household final consumption expenditure = 49
Ⅰ. Rural household final consumption expenditure = 50
Ⅱ. Urban household final consumption expenditure = 53
Government final consumption expenditure = 55
Ⅰ. Current expenditures included in the operating expenses within the scope of budget = 55
Ⅱ. Current expenditures included in the operating expenses of extra-budgetary units = 56
Ⅲ. The depreciation of fixed assets of government administrative units and non-profit public utility units = 57
Ⅳ. The difference between the gross output and operating revenue of urban household commissions and rural villager commissions = 57
Gross fixed capital formation = 57
Ⅰ. Fixed-asset investment = 57
Ⅱ. Gross fixed capital formation = 60
Ⅲ. Changes in inventories = 60
Net export of goods and services = 63
ANNEX = 65
SIMPLIFIED VERSIONS OF THE QUESTIONNAIRES USED FOR SURVEYS OF RURAL AND URBAN CONSUMPTION EXPENDITURES = 65
CHAPTER THREE = 69
GDP ESTIMATES AT CONSTANT PRICES = 69
GDP estimates of value added at constant prices = 69
Ⅰ. Agriculture = 70
Ⅱ. Industry = 71
Ⅲ. Construction = 71
Ⅳ. Transport, post and telecommunications = 71
Ⅴ. Wholesale and retail trade, catering services = 72
Ⅵ. Banking and insurance = 72
Ⅶ. Real estate = 73
Ⅷ. Public administration and defence and other services = 73
Ⅸ. Overall reliability of constant price estimates = 73
Final expenditure on the GDP at constant prices = 74
Ⅰ. Household final consumption expenditure = 74
Ⅱ. Government final consumption = 76
Ⅲ. Gross fixed capital formation = 76
Ⅳ. Changes in inventories = 76
Ⅴ. Net export of goods and services = 78
CHAPTER FOUR = 79
ACCOUNTS FOR HOUSEHOLDS = 79
Ⅰ. Introduction = 79
Ⅱ. Definition of household sector = 79
Ⅲ. Production account = 80
A. Value added = 80
B. Compensation of employees = 84
C. Taxes on production, net = 85
D. Operating surplus = 85
Ⅳ. Distribution and use of income account = 86
A. Operating surplus = 86
B. Property income = 86
C. Compensation of employees = 92
D. Current transfers = 94
E. Disposable income = 96
F. Household final consumption = 96
G. Saving, gross = 97
CHAPTER FIVE = 99
ACCOUNTS FOR GENERAL GOVERNMENT = 99
Ⅰ. Introduction = 99
Ⅱ. Corporate units and the sector of general government = 99
A. Corporate units = 99
B. The sector of general government = 102
Ⅲ. Production account for general government = 102
A. Value added = 103
B. Compensation of employees = 103
C. Taxes on production, net of subsidies = 106
D. The depreciation of fixed assets owned by the units of the general government sector = 107
Ⅳ. Distribution and use of income account = 107
A. Operating surplus, gross = 107
B. Property income = 107
C. Taxes on production, net = 110
D. Current transfers = 112
E. Disposable income = 114
F. Final consumption expenditure of general government = 114
G. Saving, gross = 114
CHAPTER SIX = 115
THE REST OF THE WORLD ACCOUNT = 115
Ⅰ. Introduction = 115
Ⅱ. Residents = 115
Ⅲ. The external account of goods and service = 116
A. Exports and imports of goods = 116
B. Exports and imports of services = 118
Ⅳ. External account of primary income and current transfer = 119
Data sources = 120
V. Capital Account = 120
Data sources = 120
Ⅵ. Financial Account = 121
Data sources = 121
Ⅶ. External assets and liabilities account = 122
STATISTICAL ANNEX = 123
BIBLIOGRAPHY = 135
