Beijing: China will revise its historical regional GDP data under a unified accounting mechanism from early next year, the National Bureau of Statistics said, amidst the continued slowdown of the world's second largest economy. The slowdown is exacerbated by the ongoing trade war between the US and China. To ensure data comparability, the country will also revise historical local GDP figures and publish them in 2020, the bureau said. China and the US have been locked in a longstanding trade war that has threatened to roil the global economy. Beijing hit back with duties on $110 billion of US goods, blaming the US for starting "the largest trade war in economic history".

Source: Mint December 29, 2019 15:22 UTC