China’s GDP: The Costs of Omerta

China’s GDP data have been far too smooth to be realistic over the past four years, and the available benign explanations for the data are unpersuasive. This note explains the reasons for the awkward code of silence within official policy debates in discussing problems with the most common measure of China’s economy, and the costs of this silence both for China and the rest of the world.

Posted August 21, 2019
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