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China will adopt an internationally recognized standard classifying its national economic sectors this year, the Chinese National Bureau of Statistics (NBS) said on Thursday.
The new market economy-oriented standard would classify China'seconomic sectors according to the internationally accepted standard, and could be directly converted into international termsthrough computer software, NBS said.
China set up a classification standard for its planned economicsectors in 1984 and amended it in 1994.
The soaring growth of the Chinese market economy and industrialrestructuring had made the previous standard obsolete.
(Xinhua News Agency July 12, 2002)
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