Shocking Yet Normal? China's 2023 GDP Growth Is -4.9% or -9.5%
Practically no one is surprised that China's actual GDP fell short of official numbers in 2023. How short? Government data reveal the economy's true condition.
Chinese Premier Li Qiang spoiled the announcement of China's 2023 Gross Domestic Product (GDP) growth at the World Economic Forum in Davos. Catching up quickly, the Chinese National Bureau of Statistics announced the same figure, 5.2% on the following day. However, using China's own official data, and an "expenditure method," we came to an astonishing result: instead of 5.2% growth, China's 2023 GDP fell by 4.9% or even 9.5%!
Step by step, the following is how this result was derived.
Click here to read the rest.
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