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Epoch Times: China’s Report of GDP Growth Is Questionable

Epoch Times expressed that the report that China released on 2009 first quarter GDP was not convincing and the Economist pointed out that the figures had likely been fudged. The government released GDP and production numbers for the first quarter of 2009 declaring 6.1% and 16% increases respectively over the same period in 2008. However, the electricity production in the first quarter was 4% down from the same period a year earlier. In the past, GDP and electricity output have moved broadly together, although it is not a one-to-one relationship.

Economists have long questioned whether China has been massaging its GDP data. It is widely believed that China’s GDP growth was overstated during the period after the Tiananmen Square Massacre and the Asia Crisis period.

[1] Epoch Times, May 25, 2009
[2] Economist, May 21, 2009