China to use 3rd economic census to devise policy on growth model

China will use its third national economic census, slated to begin in December, to help the government draft a policy guideline on the country.s growth model.

The census will thoroughly study the country.s economic conditions and the findings will guide future policy planning and exert a huge influence on how China will shift its growth model, Chinese Vice Premier Zhang Gaoli said at a conference.

.The data should be 100 percent correct and all-round that enable people to have a good understanding of China.s economy,. Zhang said. .It is especially valuable for us to get a clear view of the development in our manufacturing and service industries, which are of strategic importance..

When the census starts, millions of investigators employed by the government will visit factories, offices, restaurants and shops to collect data by using the latest technology, Zhang said.

.China.s economy has been going through tremendous changes since the last census, with rapid growth in the number of companies and their performance,.. Zhang said.

.We need to know the latest data for analysis of the new trend..

He urged local governments to clamp down on potential irregularities, including data falsification, forging census results or interfering in the data-collecting process.

Economic census is a commonly done around the world. The United States carries out its economic census every five years. China initiated its first economic census in 2004 and the second in 2008.