World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
China’s True Growth Is a Mystery; Economists Weigh the Clues
Keywords:
Experts say China's official GDP figures are unreliable and cannot be verified. Transparency is sorely lacking. The methodology, inflation assumptions and other basis for the calculations are not presented, so that many of the numbers cannot be reproduced. The official figure for 1st quarter GDP growth is 7%, from China's Bureau of National Statistics. GDP growth estimates developed by Capital Economics show 4.9% growth, by Citi 4.6%, by the China Center of the Conference Board 4%. Since 2012 the Capital Economics estimates are just above 5%, and the Conference Board estimates about 4%, showing that the growth rate has slowed markedly since 2012. As Communist party chief of Liaoning province, the current prime minister showed serious doubts about the GDP numbers and preferred to rely on figures for rail cargo, electricity consumption, bank loans.
Is China's GDP growth for 1st quarter 2015 the 7% official figure, or below 5% as estimated by Capital Economics, Citi and the Conference Board
04/27/2015
Experts say the official numbers for GDP are "fudged" or simply way off. The Bureau of National Statistics does not release the methodology, inflation assumptions and other basis for the GDP figures, making many of the numbers hard to reproduce. Transparency is seriously missing in the figures. As Communist party chief of Liaoning provincee, prime minister Li Keqiang, looked at the GDP numbers with skepticism, considering instead figures on electricity consumption, rail cargo, bank loans, as more reliable indicators of economic activity and growth.
Grouped Articles
China’s True Growth Is a Mystery; Economists Weigh the Clues
Wall Street Journal 04/27/2015
China’s Economy Not Immune to Market Sickness
Wall Street Journal 06/30/2015
For All Its Heft, China’s Economy Is a Black Box
Wall Street Journal 08/25/2015
Washington Post 01/27/2016
China’s Economy Grows 6.9%, but Warning Signs Persist
The New York Times 04/17/2017
Moody’s Cuts Its China Rating for the First Time Since 1989
WSJ 05/24/2017
China's jobs situation, unemployment, stimulus and growth strategies in 2012-2015
06/04/2012
The excess demand for labor in China in 2012 compared to the excess supply of labor during the global financial crisis of 2008-2009. This has implications for stimulus spending plans, with the measured and selective response in 2012. Another factor is inflation with a 20% rise in wages in the manufacturing sector in 2011, according to the China statistics bureau, so that a large stimulus risks losing the benefits onf anti-inflationary steps taken in 2011-2012. High growth was intended to keep social stability, with excess demand for labor in 2012 this is less of a priority.
Grouped Articles
Strains Show in China's Job Market
Wall Street Journal 06/11/2013
U.S. Stocks Shrug at China's Woes
Wall Street Journal 07/10/2013
I.M.F. Tells China of Urgent Need for Economic Change
New York Times 07/17/2013
Wall Street Journal 03/05/2014
In China, Beijing Fights Losing Battle to Rein In Factory Production
Wall Street Journal 07/16/2014
Chinese Steel Expert- N Way Out for Mills Caught in Crackdown
Wall Street Journal 07/16/2014
A Dying River and China's Story in singleminded pursuit of GDP- Sheng Keyi on pollution of the Lanxi River in her home village in China
01/01/2009
Pollution and contamination of drinking water leading to a rise in cancer rates in Keyi's village and the story repeated across China. Indiscriminate construction of plants without careful planning for pollution consequences around residential areas leading to pollution and contamination of rivers and drinking water.
Grouped Articles
New York Times 04/04/2014
Former Head of Chinese Dairy Pleads Guilty
New York Times 01/01/2009
China Details Vast Extent of Soil Pollution
Wall Street Journal 04/18/2014
In China, Beijing Fights Losing Battle to Rein In Factory Production
Wall Street Journal 07/16/2014
Chinese Steel Expert- N Way Out for Mills Caught in Crackdown
Wall Street Journal 07/16/2014
Food Safety in China Still Faces Big Hurdles
New York Times 07/23/2014
China GDP growth forecasts for 2013-2015
05/14/2013
Grouped Articles
Economists Trim China Growth Forecasts
Wall Street Journal 05/14/2013
China's 'Shadow Banks' Fan Debt-Bubble Fears
Wall Street Journal 06/24/2013
China's Silver Linings Playbook
Wall Street Journal 06/24/2013
Wall Street Journal 06/25/2013
U.S. Stocks Shrug at China's Woes
Wall Street Journal 07/10/2013
China Forecasts 7.6% Economic Growth in 2013
Wall Street Journal 12/27/2013
China's declining GDP growth in 2012-2015
07/13/2012
Grouped Articles
Economists Trim China Growth Forecasts
Wall Street Journal 05/14/2013
China's 'Shadow Banks' Fan Debt-Bubble Fears
Wall Street Journal 06/24/2013
China's Silver Linings Playbook
Wall Street Journal 06/24/2013
Wall Street Journal 06/25/2013
U.S. Stocks Shrug at China's Woes
Wall Street Journal 07/10/2013
China Forecasts 7.6% Economic Growth in 2013
Wall Street Journal 12/27/2013
Quarterly GDP growth in China in 2015-2016
04/15/2015
Grouped Articles
China’s First-Quarter Growth Slowest in Six Years at 7%
Wall Street Journal 04/15/2015
China’s True Growth Is a Mystery; Economists Weigh the Clues
Wall Street Journal 04/27/2015
China’s Economy Not Immune to Market Sickness
Wall Street Journal 06/30/2015
China Unveils Economic Blueprint for 2016
Wall Street Journal 12/22/2015
Washington Post 01/27/2016
China’s Economy Grows 6.9%, but Warning Signs Persist
The New York Times 04/17/2017
China's economy in 2014-2016
09/16/2014
Grouped Articles
China's Moment of Truth: Financial Reform or Growth?
Wall Street Journal 09/16/2014
China's Economy Stumbles Into Stimulus
Wall Street Journal 09/16/2014
China's Central Bank Injects $81 Billion Into Top Banks to Counter Slowdown
Wall Street Journal 09/18/2014
Reform in China: The quiet revolution
Economist 04/18/2015
China’s True Growth Is a Mystery; Economists Weigh the Clues
Wall Street Journal 04/27/2015
Devaluation Hints at China’s Rising Distress Over Economy
New York Times 08/12/2015
China's Bureau of Statistics- issues of reliability and accuracy of data
06/19/2013
Grouped Articles
Wall Street Journal 06/19/2013
Chinese debt: The great hole of China
Economist 10/17/2014
China’s True Growth Is a Mystery; Economists Weigh the Clues
Wall Street Journal 04/27/2015
For All Its Heft, China’s Economy Is a Black Box
Wall Street Journal 08/25/2015
Washington Post 01/27/2016
China's National Bureau of Statistics and the CPI Index, housing data
02/16/2011
Changes to the CPI Index and questions about how reliably it measures growth in food prices and prices for the housing component.
Grouped Articles
Wall Street Journal 06/19/2013
China’s True Growth Is a Mystery; Economists Weigh the Clues
Wall Street Journal 04/27/2015
For All Its Heft, China’s Economy Is a Black Box
Wall Street Journal 08/25/2015
Washington Post 01/27/2016
Chinese Can't Paper Over Inflation Woes
Wall Street Journal 02/16/2011
China Scraps Property Data, Clouding View
Wall Street Journal 02/17/2011
Annual work report outlining reform policy by premier Li Keqiang at China's National People's Congress (NPC), March 2014
03/06/2014
Reforms include letting more cities issue bonds directly to increase transparency for construction spending and control debt. Deposit insurance is listed under Major Tasks in the Li Keqiang Report. Spending priorities established at the Congress show increased spending on healthcare, military, and social security. Growth targets were made flexible of around 7%, with more focus on creating jobs, according to finance minister Ji Wei. The debt to inflation adjusted GDP will be about 2.1%, according to Finance Ministry.
Grouped Articles
At China's NPC, Proposed Changes Include Bank Deposit Insurance
Wall Street Journal 03/06/2014
Its Growth Targets Elusive, China Focuses on Jobs and Quality of Life
New York Times 03/13/2014
Chinese debt: The great hole of China
Economist 10/17/2014
China Close to Launching Bank Deposit Insurance
Wall Street Journal 11/28/2014
China Lowers Growth Target to About 7%
Wall Street Journal 03/05/2015
5 Take Aways from the 2015 China National People's Congress
Wall Street Journal 03/05/2015
China's GDP growth declines to 7% in 2015
04/15/2015
Grouped Articles
China’s First-Quarter Growth Slowest in Six Years at 7%
Wall Street Journal 04/15/2015
China’s True Growth Is a Mystery; Economists Weigh the Clues
Wall Street Journal 04/27/2015
China’s Economy Not Immune to Market Sickness
Wall Street Journal 06/30/2015
Washington Post 01/27/2016
Moody’s Cuts Its China Rating for the First Time Since 1989
WSJ 05/24/2017
Trade Fight With U.S. Complicates China’s Campaign to Contain Debt
WSJ 06/19/2018
China's GDP
12/19/2014
Grouped Articles
China Raises GDP Estimate 3.4%
Wall Street Journal 12/19/2014
China’s True Growth Is a Mystery; Economists Weigh the Clues
Wall Street Journal 04/27/2015
Washington Post 01/27/2016
China’s Economy Grows 6.9%, but Warning Signs Persist
The New York Times 04/17/2017
Moody’s Cuts Its China Rating for the First Time Since 1989
WSJ 05/24/2017
Quarterly GDP growth in China 2012-2014
01/18/2013
Grouped Articles
Economists Trim China Growth Forecasts
Wall Street Journal 05/14/2013
China's Silver Linings Playbook
Wall Street Journal 06/24/2013
China Forecasts 7.6% Economic Growth in 2013
Wall Street Journal 12/27/2013
Beijing Should Scrap the GDP Target
Wall Street Journal 01/08/2014
Growth Rose 7.4% in First Quarter, China Reports
New York Times 04/15/2014
China Will Keep Growing. Just Ask the Soviets.
New York Times 10/24/2014
The economy of China in 2012-2016
10/09/2012
Grouped Articles
As China’s Economy Slows, the Pain Hits Home
New York Times 01/29/2014
China's Central Bank Injects $81 Billion Into Top Banks to Counter Slowdown
Wall Street Journal 09/18/2014
China Lowers Growth Target to About 7%
Wall Street Journal 03/05/2015
Reform in China: The quiet revolution
Economist 04/18/2015
China’s True Growth Is a Mystery; Economists Weigh the Clues
Wall Street Journal 04/27/2015
Devaluation Hints at China’s Rising Distress Over Economy
New York Times 08/12/2015
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us
