1. 1 OECD’s Main Economic Indicators 12 th OECD-NBS Workshop on the National Accounts Paris 27-31 October 2008

2. 2 Background Flagship publication of short-term economic statistics 30 OECD Member countries and 6 non-member countries. Indicators presented by subject and country. Currently 100 Chinese and Indian series

3. 3 Chinese Data in MEI DescriptionData Required / Issues National Accounts: Currrent Prices GDP Value added for: Agriculture (+forestry. fishing); Industry (+ energy, construction); Services Data Required: Quarterly Constant Price GDP and current price GDP by expenditure Issues: Data is available on-line but only on a cumulative basis Production: Industrial Index of Production Quantities of: Mining (Crude petroleum, coal) Manufacturing (Crude steel, cement) Energy (Electricity) Construction (Buildings) Issues: Index of industrial production data is in Same Period Previous Year format. Needs to be fixed base period for international comparability. Construction index is cumulative. (MEI makes adjustments for monthly data).

4. 4 Chinese Data in MEI DescriptionData Required / Issues Sales: Retail Trade – Value Data Required: Volume Labour: Civilian Employment – All Persons Unemployment – Level, Rate (registered) Labour Compensation – Average Earnings Data Required: Employment by activity (monthly), employees (monthly), unemployment (monthly), hours worked, job vacancies(Current civilian employment data is only annual). And unemployment rates only quarterly. Average earnings data reflects only urban units.

5. 5 Chinese Data in MEI DescriptionData Required / Issues Prices: Producer Prices – Industry Consumer Prices – All, Food, Services Data Required: CPI - Energy and housing. Issues: Index data is in SPPY format. Finance: Monetary Aggregates – M1, M2 Interest Rates – Overnight, 3 month Share Prices – Shanghai index Exchange Rate – average, spot External Finance – Reserve assets Data Required: 10 year government bond if issued? Broad money – M3 measure

6. 6 Chinese Data in MEI DescriptionData Required / Issues Balance of Payments: All major current account balances biannually Data Required: Quarterly data Issues: Very large ‘Net Errors and Omissions’ value

7. 7 Going Forward Goal: to publish Chinese data in the subject pages (internationally comparable data pages) of the MEI.