-
Did China’s Economy Really Grow 5.2% in 2023? Not All Agree
Longstanding suspicions about the accuracy of China’s official GDP growth data have spurred a market for alternative calculations, which kicked into action this week after Beijing announced economic expansion for 2023 was in line with its annual target of around 5%. There’s a consensus that the economy grew last year, propelled by a rebound in consumption after pandemic restrictions were lifted. That’s readily visible in data compiled outside China’s National Bureau of Statistics — such as the number of domestic flights, or the revenue growth of consumer-focused companies. What’s also agreed between ... (full story)