China revises 2018 GDP estimate to reflect asset, business growth

China will be revising its 2018 GDP estimate to reflect asset and business growth. The current 6.6% growth rate is the slowest in almost three decades, but is still in line with Beijing's 6.5% target. The statistics bureau said the latest census showed more business entities and a bigger total asset base than estimated, but did not comment if it would lead to higher or lower output or growth rate. The new data showed services sector assets far outweighing the industrial and mining sectors.

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