China’s Slowdown Poses Credibility Test for Economic Data

SINGAPORE — China’s economy decelerates sharply in a year of intense political sensitivity for China’s leader Xi Jinping is testing the reliability of Beijing’s official economic data.

Figures for this month showed the economy was in free fall in April as shops and factories closed, logistics networks struggled and millions of people locked themselves at home for weeks. That bleak picture is generally in line with signals from business surveys, corporate earnings and a range of unofficial data sources that have previously shown a significant slowdown.

https://www.wsj.com/articles/chinas-slowdown-poses-credibility-test-for-economic-data-11653910686?mod=pls_whats_news_us_business_f China’s Slowdown Poses Credibility Test for Economic Data

Edmund DeMarche

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