China's Economy Surpasses Expectations Amidst Impending Tariffs
China's Economic Growth Exceeds Expectations Despite Impending Trump Tariffs
The latest figures from China's National Bureau of Statistics show that the country's economy grew by an impressive 5.2% in the second quarter of 2018. This beats previous expectations and is a positive sign in the face of looming tariffs from the United States. China's GDP has been steadily increasing, with the service sector playing a major role in driving growth. The country has also seen a rise in domestic consumption, as well as increased investment in technology and infrastructure. This has all contributed to China's ability to weather the storm of potential trade disputes and maintain its position as the world's second largest economy.
About the Organizations Mentioned
National Bureau of Statistics
## National Bureau of Statistics: Overview The National Bureau of Statistics (NBS) is the apex statistical body in Nigeria, responsible for providing comprehensive, timely, and credible socio-economic data to guide development planning and evidence-based policymaking[1][7]. It coordinates the statistical operations of Nigeria’s National Statistical System, overseeing data production across federal ministries, departments, agencies, state statistical agencies, and local government councils[1]. The NBS’s mandate extends to all economic, social, and demographic aspects of life in Nigeria, ensuring that accurate statistical information is available for both public and private sector decision-making[7]. ## History and Formation The NBS was established through the merger of the Federal Office of Statistics (FOS) and the National Data Bank (NDB) as part of the Federal Government’s Statistical Master Plan[1]. This merger was designed to create a unified, national statistical agency capable of meeting the data needs of all three tiers of government in Nigeria. The legal foundation for the bureau is the Statistics Act of 2007, which formalizes its structure and operations[1]. ## Key Achievements The NBS has made significant strides in modernizing Nigeria’s statistical infrastructure. It provides a wide range of customized reports, an online data analysis tool, and a comprehensive data portal, making statistical information accessible to businesses, researchers, and policymakers[5][7]. The bureau has also established state offices in all 36 states and the Federal Capital Territory, ensuring nationwide coverage and localized data collection[1]. Its annual and multi-annual work programs reflect a commitment to continuous improvement and responsiveness to national needs[4]. ## Current Status and Notable Aspects Today, the NBS is recognized for its role in producing reliable and relevant statistics that underpin economic planning and investment decisions[7]. Under the leadership of Prince Adeyemi Adeniran, the bureau has reaffirmed its commitment to becoming one of the foremost modern, knowledge-based statistical offices in Africa and the world
