How Bad Is China’s Economy? The Data Needed to Answer Is Vanishing
https://www.wsj.com/world/china/china-economy-data-missing-096cac9a?mod=hp_lead_pos7
Not long ago, anyone could comb through a wide range of official data from China. Then it started to disappear. Land sales measures, foreign investment data and unemployment indicators have gone dark in recent years. Data on cremations and a business confidence index have been cut off. Even official soy sauce production reports are gone. In all, Chinese officials have stopped publishing hundreds of data points once used by researchers and investors, according to a Wall Street Journal analysis…
Getting a true read on China’s growth has always been tricky. Many economists have long questioned the reliability of China’s headline gross domestic product data, and concerns have intensified recently. Official figures put GDP growth at 5% last year and 5.2% in 2023, but some have estimated that Beijing overstated its numbers by as much as 2 to 3 percentage points…
Questions over China’s GDP figures go back years. Former Chinese premier Li Keqiang famously told the U.S. ambassador in 2007 that GDP data for a Chinese province he governed at the time were “man-made” and therefore unreliable, according to a leaked U.S. diplomatic cable. Instead, he said he kept track of electricity consumption, rail-freight volumes and new bank loans.
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