National Economic Accounting System

The National Economic Accounting System was formulated in conformity with the UN SNA.

The Gross Domestic Product Accounting System

China's gross domestic product and its components are calculated by the National Bureau of Statistics using different methods in light of characteristics and data sources in different departments. For some departments the accrued value is calculated using the production method. Some are calculated using the income method and obtained through aggregating the accruement of various departments. The gross domestic product accounting system is a general requirement with regard to GDP accounting set by the National Bureau of Statistics for provincial statistical agencies. It consists of annual and regular reports. Major contents of annual reports include total output, GDP at same-year prices, GDP at comparative prices, GDP calculated with expenditure methods, ultimate consumption and consumption level of residents. The regular report is the quarterly GDP.

Input-output Accounting System

The input-output survey is conducted every five years in China. National input-output sheets are compiled in years ending with 2 and 7. The extended input-output sheets are compiled in years ending with 0 and 5. In accordance with the requirements for the input-output survey and compilation plan, provincial-level statistical agencies and the National Bureau of Statistics compile their respective sheets in tandem. The input-output accounting system is a general requirement with regard to input-output accounting set by the National Bureau of Statistics and imposed on provincial-level statistical agencies. It consists of product sector input-output sheets, enterprises sector input (U tables) and enterprise sector output sheets (V tables). Provincial-level statistical agencies are only required to report product sector input-output sheets. The other two sheets are for reference.

The Funds Flow Accounting System

The National Bureau of Statistics and the Central Bank compile the funds flow table jointly. China's funds flow table is similar to internationally accepted forms. The table is divided into two parts . The upper part is goods transactions compiled by the National Bureau of Statistics; the lower part is financial transactions compiled by the Central Bank. The system is a general requirement for funds flow accounting set by the National Bureau of Statistics for provincial-level statistical agencies and the Central Bank. It includes funds flow tables (distribution of incomes) and funds flow tables (financial transactions), compiled respectively by provincial- level statistical agencies and provincial branches of the Central Bank. These data are reported annually.

Balance of Payments Accounting System

China started to establish its balance of payments system in 1980. The concept, principle and framework of the system derive from the Balance of Payments Manual compiled by the IMF. The State Administration of Foreign Exchange compiles the balance of payments sheet. Data needed for the compilation come mainly from business statistics and administrative records of relevant departments under the State Council.

The National Assets Accounting System

This system is a general requirement with regard to national assets accounting set by the National Bureau of Statistics and imposed on provincial-level statistical agencies. It consists of an assets-liabilities sheet and four sectors of assets-liabilities sheets for non-finance businesses, financial institutions, government departments and households. These data are reported annually.

The Economic Circulation Accounts System

This system is a general requirement with regard to economic circulation accounts set by the National Bureau of Statistics and required of provincial-level statistical agencies. It consists of 36 sheets in three categories, namely the overall economic account, sector accounts for institutions and comprehensive sector accounts for industries. These data are reported annually.