Opinion
Evergrande and China’s energy crisis are two sides of one coin
China’s data on economic growth is man-made, and therefore unreliable.
David FicklingChina’s data on economic growth is man-made, and therefore unreliable.
That’s not the opinion of a provocateur, but the reported views of the country’s own Premier. During a dinner with US ambassador Clark Randt in 2007, Li Keqiang – then party secretary of Liaoning province and a rising star in the Communist Party – said that official data on gross domestic product was less reliable than a mix of electricity consumption, rail cargo volumes and loan growth.
Bloomberg Opinion
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Economy
Fetching latest articles