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Chinese Economic Statistics--Caveat Emptor!

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  • Friedrich Wu

Abstract

The Chinese government admitted in late 2001 that its statistical system was plagued with flaws. This has revived the age-old question of whether China's reported rate of growth is real. Some analysts have long argued that China's real GDP growth figures have been inflated, often because of false reporting by localities and systemic statistical distortions. This article highlights indicators which have shown signs of being questionable: gross domestic product (GDP), bilateral trade, unemployment, non-performing loans (NPLs) and FDI and capital flight. Reforms are now being undertaken, but while the long-term trend is positive, one should still exercise great caution when using Chinese statistics.

Suggested Citation

  • Friedrich Wu, 2003. "Chinese Economic Statistics--Caveat Emptor!," Post-Communist Economies, Taylor & Francis Journals, vol. 15(1), pages 127-145.
    • Handle: RePEc:taf:pocoec:v:15:y:2003:i:1:p:127-145
    DOI: 10.1080/1463137032000058421
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    Cited by:

    1. Ourania Dimitraki & Faek Menla Ali, 2015. "The Long-run Causal Relationship Between Military Expenditure and Economic Growth in China: Revisited," Defence and Peace Economics, Taylor & Francis Journals, vol. 26(3), pages 311-326, June.
    2. Chou, Kuang-Hann & Chen, Chien-Hsun & Mai, Chao-Cheng, 2011. "The impact of third-country effects and economic integration on China's outward FDI," Economic Modelling, Elsevier, vol. 28(5), pages 2154-2163, September.
    3. Liming Zhao & Liang Zhao & Bing-Fu Chen, 2017. "The interrelationship between defence spending, public expenditures and economic growth: evidence from China," Defence and Peace Economics, Taylor & Francis Journals, vol. 28(6), pages 703-718, November.

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