The independent data China watchers gather suggest the country’s economic reality is worse than the official numbers
on April 18 looked particularly suspicious. It showed China’s gross domestic product growth accelerated to 4.8% in the first quarter, from 4% in the final three months of 2021, even though property sales worsened and lockdowns were imposed in dozens of cities.
, independent surveys, and industrial output, China watchers can make corrections to the official picture. Their information suggests the reality is worse, though some government numbers seem reliable. Here’s a user’s guide on China’s economic statistics this year.
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