IMF and China sign agreement to improve digital economy measurement
By
Eleonora Vasques
Summary
The IMF and China's Bureau of Statistics have signed a Memorandum of Understanding to improve measurement of China's digital economy. As China leads in AI and ecommerce, new statistical models will quantify intangible assets like cloud computing and big data. China will align with the UN System of National Accounts 2025 (SNA 2025), a global standard for measuring digital economic activity. This move is driven by the need for accurate digital economy metrics amid global competition with Beijing in fast-developing technologies.
Source
bskyIMF and China sign agreement to improve digital economy measurementl.euronews.comKey quotes
· 3 pulledWith China now a global leader in sectors such as AI and ecommerce, its real economy and growth can be quantified by adequate statistical models which take into account the value of intangible assets such as cloud computing and big data.
China will align with the United Nations System of National Accounts 2025 (SNA 2025), a global statistical standard that incorporates the measurement
An accurate measurement of China's digital economy is a priority for other powers competing with Beijing in fast-developing technologies.
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