ADVERTISEMENT

Here’s a Reason Why Some Are Skeptical of China’s GDP: Chart

China’s economy has stabilized in 2017 after years of slowdown. Then why are some economists still skeptical?

Here’s a Reason Why Some Are Skeptical of China’s GDP: Chart
Cyclists ride past the People’s Bank of China headquarters in Beijing, China. (Photographer: Qilai Shen/Bloomberg)
Here’s a Reason Why Some Are Skeptical of China’s GDP: Chart

(Bloomberg) -- China’s economic data has long been questioned by investors dubious of its elevated official growth. Over the last five years, its gross domestic product growth rate has changed 0.14 percentage points on average each quarter. The mean for the rest of the world’s 10 biggest economies is more than four times that. "We have doubts over the accuracy of the official data, which show implausibly stable growth in recent years," Chang Liu, an economist at Capital Economics wrote in a report Thursday, adding that their in-house data confirmed that China’s economy has indeed stabilized in 2017 after years of slowdown.

To contact the reporters on this story: Phil Kuntz in New York at pkuntz1@bloomberg.net, Ye Xie in New York at yxie6@bloomberg.net.

To contact the editors responsible for this story: Sophie Caronello at scaronello@bloomberg.net, David Papadopoulos