China’s economic weakness is weighing on the global economy.
(Photo: dpa)
Beijing When China releases new economic data on Friday, companies and markets will view them with skepticism. What official information can analysts still trust?
It is increasingly said that the government is withholding important statistics or embellishing them. Critical economists are also increasingly being silenced.
The growing problems of the Chinese economy have increased distrust even further. Within just a few months, China has gone from being a beacon of hope for the global economy to a problem child.
The reason for the skepticism towards the official figures is that Chinese economic growth in particular is a “political number,” recently emphasized Scott Kennedy, China expert at the US think tank Center for Strategic and International Studies (CSIS).
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