China revises GDP, changes GDP calculation methodology

As Reuters reports, China changed its methodology to calculate GDP and hence, publishes GDP revisions, with the changes mainly reflecting the contributions of R&D spending.

Key Details:

2012 GDP revised to 7.9% from 7.7%

2013 GDP 7.8% vs 7.7% prior

2014 7.3% vs 7.2% prior

2015 6.9% vs 6.8% prior