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IP Product to be a New Figure of China's National Economic Accounting

2017/08/23

Related questions about the China’s System of National Economic Accounting (2016) officially responded by the State Council were answered by the relevant person in charge from the National Bureau of Statistics of China. According to the answers, 5 aspects including the basic framework has been amended in China’s System of National Economic Accounting (2016), which expanded the accounting scope by introducing the concept of “IP product” and including IP product into the accounting scope of non-financial assets.



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