In the third quarter of 2019, China’s GDP growth rate dropped to 6.0 per cent, which is at the bottom end of China’s target range of 6 to 6.5 per cent growth for 2019. Photo: EPA

China to unify regional economic data calculation from early 2020 to further boost acceptance of figures

  • Economic data quality has constantly been questioned, particularly at a local level where governments have strong incentives to inflate figures for political promotion
  • News comes with analysts questioning if a census will be modified to allow China to reach its goal of doubling the size of its economy in 2020 from a decade earlier
Topic |   China economy

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In the third quarter of 2019, China’s GDP growth rate dropped to 6.0 per cent, which is at the bottom end of China’s target range of 6 to 6.5 per cent growth for 2019. Photo: EPA
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China’s economy started to slow from 2011, with its growth rate already dropping to 6.0 per cent in the third quarter of 2019, the slowest rate since quarterly growth data was first published in 1992. Photo: AFP

China think tank becomes first government-linked body to predict 2020 growth will drop below 6.0 per cent

  • National Institution for Finance and Development says China’s economic growth rate will slow to 5.8 per cent in 2020 from an estimated 6.1 per cent this year
  • This is at the bottom end of China’s target range of 6 to 6.5 per cent growth for 2019 and is in line with the International Monetary Fund
Topic |   China economy

TOP PICKS

China’s economy started to slow from 2011, with its growth rate already dropping to 6.0 per cent in the third quarter of 2019, the slowest rate since quarterly growth data was first published in 1992. Photo: AFP
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