Economics Explained cover image

How Much Does China Lie About Its Economic Statistics?

Economics Explained

00:00

China's GDP Statistics - The Elephant in the Room

Only around 2% of China's population actually pays regular taxes, so getting a clear economic picture using tax records just isn't feasible. This means that they have no other option than to rely on more first-hand data collection. A leaked comment by a top Chinese government official openly admitted that GDP figures were purely man-made in the 1990s. The problem then is that the National Bureau of Statistics of China is freely admitting to making discretionary adjustments to its data.

Play episode from 08:31
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app