"Accounting Adjustment" Should Help China's Growth

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Rupert Hargreaves
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This week China announced that it will adopt the current System of National Accounts (SNA) 2008 standard for GDP calculation. The country’s National Bureau of Statistics (NBS) announced on July 5 that it would adopt the new standard, and it has immediately improved economic growth. Indeed, under the new method the size of the “new” economy is larger than previously estimated as the SNA standard treats R&D expenditure as part of capital formation. Kyle Bass On China ” largest macro imbalance in global history” In an economics research note sent out to clients today, economists at Goldman Sachs explain what…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk