China Has No Incentive to Fake GDP Figures

Remarkably steady growth rates for three straight quarters have raised suspicions about “data smoothing” in China, but the country doesn’t need to do that, a commentary in state-owned Xinhua news agency says.

“The reality is that the government simply has no incentive or necessity to whitewash the real economic picture,” writer Zhang Zhongkai wrote.

The opinion piece acknowledged that it was “routine” for observers to view economic data from the world’s second-largest economy with askance.


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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.