The People's Bank of China (PBOC), China's central bank, announced
Monday that the Governor of PBOC Dai Xianglong will inform the
Managing Director of the International Monetary Fund (IMF) Horst
Koehler on January 1, 2002 of China's decision to join the IMF's
General Data Dissemination
System (GDDS).
A
spokesman for the PBOC said that this is an important move the
government has made to increase the transparency of the macro
economy, a step which will move China's statistical system closer
to international standards.
The spokesman also said that the GDDS includes the data of five
major departments, and is programmed to maximize the scope,
frequency, rapid retrieval, quality, integrity and accessibility of
the data.
He
said that after more than 20 years' practice in reforms and opening
to the outside world, China's economy has made strong progress and
is integrating further with the global economy.
With close attention from the Chinese government and technical
support from the IMF, China's economic, financial and vital
statistics are approaching international standards at a fast
rate.
The statistical data from the five major departments of the Chinese
government have been adapted to the requirements of the system, he
added.
He
said that China's pledge to join the system is of great
significance for the improvement of its statistical system and the
level of decision-making for macro economy.
( December 31, 2001)