IMF says China subscribes to special data dissemination standard

WASHINGTON (Reuters) - China on Wednesday subscribed to the International Monetary Fund's Special Data Dissemination Standard (SDDS), marking a major step forward for official statistics in the country, the IMF said.

"Participation in the SDDS is expected to enhance a country's availability of timely and comprehensive statistics and contribute to the pursuit of sound macroeconomic policies," the IMF said in a statement.

(Reporting by Krista Hughes; Editing by Sandra Maler and Lisa Lambert)