1. Faqi SHI Dept. of National Accounts, NBS
Practices and Challenges In compiling Institutional Sector Accounts In China
Faqi SHI
Dept. of National Accounts, NBS

2. Contents
FOF tables and institutional sector accounts
Balance sheets

3. I. FOF tables and institutional sector accounts
Started to compile from 1992
--- physical transaction tables ( )
--- financial transaction tables ( )
Improvement on methodology
Time lags of releasing FOF tables
--- physical transaction tables, 2 years
--- financial transaction tables, 1year

4. I. FOF tables and institutional sector accounts
Classification of FOF table in China
---Domestic institutions:
non-financial corporations sector
financial corporations sector
general government sector
households sector
---the rest of the world
*non-profit institutions serving households

5. I. FOF tables and institutional sector accounts
---domestic sector accounts and the total economy accounts
the production account
the distribution and use of income account
the capital account and the financial account
---the rest of the world
the current account

6. I. FOF tables and institutional sector accounts
Source Data
--- the statistical data
--- administrative records
--- final financial statements of the NBS system
--- final financial statements of related ministries of the State Council
compiling methods
--- direct calculation combined with indirect estimation

7. I. FOF tables and institutional sector accounts
Main problems
--- big gap of data sources in the non-economic-census years
--- improperly calculated net taxes on production
--- underestimation of the social subsidy expenditures
--- the dividends of non-listed corporations are not covered
--- inconsistency of net financial investment
--- indicators of the institutional sector accounts are too aggregated

8. Started to compile from the late 1990s
II. Balance Sheets
Started to compile from the late 1990s
Classification of institutional units
--- the same as FOF tables

9. --- Big gap of data sources in the non-economic-census years
II. Balance Sheets
The main problems
--- Big gap of data sources in the non-economic-census years
--- No revaluation measures are introduced for assets.
--- Some stock items in balance sheets are not consistent with the corresponding flow items.

10. Thank you!