China said on Friday its 2023 gross domestic product was revised upward due in part to changes in housing sector calculation methods, which would also affect the size of the economy in 2024 but have little impact on the growth rate.

The economy expanded at a 3% rate in the second quarter and just 1.4% in the first. This is the third of three estimates for GDP that the BEA makes, and the BEA revised its estimate up by three-tenths of a percentage point.

China revised upwards on Thursday the size of its economy by 2.7%, but said the change would have little impact on growth this year, as policymakers pledged more stimulus to spur expansion in 2025.