China’s GDP

chinaGDP

China’s GDP Figure Looks Largely Unconvincing

Key economic data disclosed Tuesday by Beijing seems tailored to the official mantra that matters are firmly under control. So GDP supposedly showing a 6.9% increase in 2015 only marginally trims the 7% forecast given in January last year. Quite an amazing result which is in open contradiction to the rather stern measures introduced to stave off a slowdown.