tirsdag 25. august 2015

Are China’s GDP Numbers Believable?

Almost immediately after the Chinese National Bureau of Statistics released its second quarter GDP growth estimate of 7 percent in mid-July, a group of China watchers were crying foul. China officially targeted full-year growth of around 7 percent in 2015, a number matched exactly by its reported GDP figures for the first half of the year. Last week, Forbes ran a piece by hedge fund manager Jay Somaney, who argued that China’s growth is significantly lower. Read more