Dian Huang, Xiaofeng Dang

Business School Linnan Normal University

Abstract：

This study examines how China's accounting system reform under high-quality development goals reshapes local economic data governance and alters market entities' default risk profiles. Integrating policy analysis, econometric modeling, and cross-country comparisons, we reveal: Unified GDP accounting reduces data distortion by 23% through institutional centralization; Digital economy measurement frameworks lower information asymmetry in credit assessment; Green GDP indicators exhibit 0.68 correlation with corporate environmental default probabilities. Policy recommendations emphasize dynamic integration of macro-accounting reforms with micro-risk monitoring systems.

Key Words：

accounting system; high-quality development; local economic data quality; market entity default risks