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Developing Economic Census with Economic Growth Shanghai • China David Shi Global Markets Dep. Bank of China H.O. Oct.15 2008 % the continuity and timeliness 25 23 21 19 17 15 13 11 9 7 5 规模以上工业增加值 the continuity and timeliness of statistical data should be improved。 industrial production at the beginning of the year。 1 Seasonal effect & Working day effect Publish the seasonal adjusted data at the same time of publishing the original data to standardize the seasonal adjusted data. such as CPI、GDP time series data. US:X-12-ARIMA;Germany:BV4.1 2 More detailed data as the financial system become more and more complicated, the different types of macro-financial data like money stock should be more detailed. M0、M1、M2、M3? 3 Data revising when the yearly data is revised ,the quarterly data should be revised consistently. In China, the GDP is revised yearly, but the original quarterly data have not been revised yet, so it takes much difficulties into analyzing the actual quarterly data. 4 the method of the census the method of the census should be more transparent, so that the user of the data can understand the meaning of the data clearly. PMI to CPI、PPI 5 Thank you David Shi Analyst for Macro-economy Global Research Team Global Markets Dep. Bank of China H.O. Tel: 8610-66591559 6