Chinese tourists stand along the promenade on the Bund overlooking the Huangpu River against the skyline of the Pudong district in Shanghai on December 10, 2014 China’s economy was 3.4 per cent bigger last year than previously reported, government statisticians said on Friday, pushing the world’s largest economy even further ahead of the US on officially recognised figures. The revision adds Rmb1.92tn ($308bn) to China ’s gross domestic product in 2013, an amount greater than Singapore’s entire economic output. But the results of the country’s third economic census may do little to allay longstanding scepticism about China’s official data, as the statistics bureau chose not to apply the System of National Accounts, an international framework for compiling economic data. The SNA , endorsed by the UN in 2008 and since adopted by the US, the EU and South Korea, would probably have led to a larger upward revision by […]