Hong Kong
CNN
—
China’s gross domestic product (GDP) for 2021 was over half a trillion yuan more than initially calculated, official data revealed Tuesday. The update comes at a time the world’s second-largest economy faces severe strain from an unprecedented wave of Covid infections sweeping the country.
The new data from China’s National Bureau of Statistics (NBS) shows the nation’s economy grew 8.4% in 2021 from a year earlier, higher than the 8.1% initially reported.
Per the revised figures, China’s GDP reached 114.92 trillion yuan ($16.52 trillion) last year, up 556.7 billion yuan ($80 billion) from the previous estimate. The addition is equivalent to Bulgaria’s entire GDP in 2021.
Revisions to initial estimates of GDP are common in many economies, mainly because of the large amount of information used in…
