Shanghai's revision of last year's gross domestic product to take better account of services sector output will be far smaller than the national average, according to a leading economist.
The revision, based on the city's first census of economic activity, would result in a figure 8 per cent higher than the original total, against a 16.8 increase nationally, Yang Jianwen, deputy director of the Shanghai Academy of Social Sciences' economics department, told the South China Morning Post.
That would mean adding about 60 billion yuan to the city's GDP figure of 744 billion yuan for last year, the academic said.
'The figure has not been officially released. As far as I know, the increase will be much smaller than the national change,' Mr Yang said.
He said the revision was smaller because the city's data collection system in recent years had been better than elsewhere.
However, he said there were still areas to be counted. 'Last year's figures showed the tertiary sector accounted for less than 50 per cent of GDP, which is quite different from what we actually feel in Shanghai,' he said.
