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Looking behind China’s GDP curtain

First published: Prospect 22/01/2018

Last week the Office for National Statistics reported that it has over several years underestimated the fall in prices in the telecommunications sector, the implications of which, including for GDP, are significant. Credit to the ONS for admitting its errors and making amends. Contrast this, though, with China’s systematic exaggeration and manicuring of its own GDP figures, which matters because of the country’s significance in the world economy and for key markets…. Read on…