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China Has No Incentive to Fake GDP Figures

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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.

CNBC

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Former Craig

Former Craig

Former Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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