China's Annual Growth Figures Upwardly Revised
Growth in 1979-2004 was upwardly revised from 9.4% to 9.6%, with a particularly big upward revision coming in the last few years. Growth in 2002 was upwardly revised to 9.1% from 8.3%, growth in 2003 was revised up to 10.0% from 9.5% and growth in 2004 was revised up to 10.1% from 9.5%. 2005 figures are yet to be released, but a Chinese government official have been unofficially quoted as saying it is likely to be 9.8%.
As the statistics now include more of the rapidly growing private service sector, annual growth numbers will probably more or less permanently be raised a few tenths of a percent.