Abstract

China has achieved tremendous progress in modernizing its economy and is increasingly integrated into the global economy. As the market plays a more decisive role in economic and financial developments, the Chinese government and market participants need accurate and timely information for sound policymaking and investment and consumption decisions. New requirements for data call not only for a broader range of indicators, involving all sectors, but also for more frequent release of timely and high-quality macroeconomic data. China’s economic and financial integration with the rest of the world (Figures 12.1–12.4) also suggests the need for cross-country comparable data to support comparative analysis, the coordination of global economic policies, and informed decision making.