The discussion of integrated accounting for natural resources and economy under the frame2 work of sustainable development has received increased attention by the international society. By now ,two methods are noticable , one is so called“direct”method modifying the core system of the SNA itself with natural resource factors , and the other is so called“indirected (satellite) ”method which is to develop an SNA satellite system for integrated accounting. Based on the idea of the latter , linkage between natural re2 sources accounting and economy accounting is analysed in the three2in2one accounts system of core ac2counts , satellite accounts , linkage accounts in this paper.

In this paper, the traditional neo–classic method of measuring change rate of total factor productivity (TFP) is extended appropriately. We discover that the change of TFP can be decomposed into technical progress, changes in management efficiencies and the changes in alignment between the former two factors, on the basis of the generalized production function. The conclusion implies that management plays an important role in the process of production.

On the basis of the general framework of United Nations’ “indirect/satellite” accounting system──integrated system of environment & economy accounting SEEA (1992 /2000/2003) (UN,1992/2000/2003) and 93’SNA (UN,1993), the specific objectives of this paper is try to construct one simple, effective and practical integrated system of environment & economy accounting of China (CSEEA), and thereby trial estimate of the 1992/1995 Chinese environmental adjusted GDP (Green GDP) is given, under Chinese National Accounting System’s reform practice.