Is China Juicing GDP Data? Economists Can’t Help But Wonder
It’s both the most tantalizing and persistent question in global economics: Is China cooking the gross domestic product books?
Admittedly, it’s been asked myriad times over the last decade. Often, it’s when growth rates among China’s 23 provinces deviate from the national figure the Communist Party includes in quarterly press releases.
Even by these standards, though, China’s reported GDP acceleration to 4.8% in the first quarter from 4% the previous one inspired a bull market in head-scratching. It made no sense amid cascading property markets and the return of large-scale Covid-19 lockdowns.
Source: Forbes #Apr29
https://www.forbes.com/sites/williampesek/2022/04/29/is-china-juicing-gdp-data-economists-cant-help-but-wonder/?sh=329cf5b239c7
#China #GDP #COVID19
It’s both the most tantalizing and persistent question in global economics: Is China cooking the gross domestic product books?
Admittedly, it’s been asked myriad times over the last decade. Often, it’s when growth rates among China’s 23 provinces deviate from the national figure the Communist Party includes in quarterly press releases.
Even by these standards, though, China’s reported GDP acceleration to 4.8% in the first quarter from 4% the previous one inspired a bull market in head-scratching. It made no sense amid cascading property markets and the return of large-scale Covid-19 lockdowns.
Source: Forbes #Apr29
https://www.forbes.com/sites/williampesek/2022/04/29/is-china-juicing-gdp-data-economists-cant-help-but-wonder/?sh=329cf5b239c7
#China #GDP #COVID19