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China Business & Economy

CCP Releases Questionable Local GDP Growth Rates

Experts say the data is overstated and could have severe consequences.
CCP Releases Questionable Local GDP Growth Rates
A man standing by a barrier at a complex of unfinished apartment buildings in Xinzheng City in Zhengzhou, China's central Henan province, on June 20, 2023. Pedro Pardo/AFP
Alex Wu
1/27/2024|Updated: 1/29/2024
0:00

The Chinese communist regime’s National Bureau of Statistics announced last week that the country’s GDP grew by 5.2 percent last year, in stark contrast to the sluggish Chinese economy. The ruling Chinese Communist Party’s (CCP) official media also claimed that 12 provinces had local GDPs above the national average.

However, the CCP’s data has been questioned by the outside world. Experts warn that the exaggerated local GDP rates and overstated growth will accelerate the collapse of the CCP’s credibility and foreign capital withdrawal from China.

Alex Wu
Alex Wu
Author
Alex Wu is a U.S.-based writer for The Epoch Times focusing on Chinese society, Chinese culture, human rights, and international relations.
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