China is really a black box.
For the past 15 years I have heard that China's GDP numbers have not disappeared but it is clear that the country has produced impressive results in construction, infrastructure, the environment and standards livelihood.
That said, the mystery about GDP continues.
Bloomberg today quote Gao Shanwen, chief economist at SDIC Securities, who previously advised the country's governors and top officials but has been critical of China for several years.
“We don't know the real number of real growth in China and maybe other numbers,” Gao said in Washington.
He speculated that growth over the past 2-3 years has been “around 2%” not the official number, which has been around 5%.
“If my guess is correct, I think it would probably be more reasonable to expect a growth rate of between 3%-4% in the coming years, the next three to five years, but we know that the official number is always around 5%. .”
Gao been in the media recently and his WeChat account has been closed for similar comments. These speeches and media coverage were also censored.
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Okay, so let's assume it's correct. What is China's GDP speeding up to 4% means? if that is the case, demand and demand are more remote than what was going on in reality. Overall, it is extremely difficult to make predictions about global growth with China's instability.
Take Shanwen
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