Zhang Wenhong, the head of the Statistics Department of the People's Bank of China, stated that financial statistical data is an objective reflection of the financial running situation. The determination of statistical indicators should be based on scientific validity and effectiveness to provide information support for policy decision-making. After calculating the Historical Data, it was found that the revised M1 data has enhanced correlation with economic growth indicators, and its stability has also improved. The People's Bank of China will continue to maintain the transparency of statistical data, beginning from the January data this year, M1 will be statistically revised, and it is expected to be announced to the public in early February. At the first announcement, we will also disclose the revised M1 balance and growth rate since January of last year. (China.com)
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央行张文红:一月份数据起开始按修订后的口径统计M1 预计在二月上旬向社会公布
Zhang Wenhong from the central bank stated that starting from the data in January, M1 will be statistically revised and is expected to be published to the public in early February.
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