Four Reasons Why You Shouldn’t Trust China’s GDP Data

China’s economic growth in recent decades has been truly spectacular, with an average rate of more than 6.5%, and now it is one of the primary sources of global economic growth, despite the recent slowdown. In recent years, however, experts have begun to question the reliability of China’s GDP statistics. The way China collects and processes the information is fundamentally different from that in the Western, and therefore we should take into consideration this fact when comparing the GDPs of China and other countries. In essence, there are four reasons why Chinese statistics do not reflect the underlying economic activity…...