China GDP overstated by 12%, new research says
Well.... knock me down with a feather and colour me startled.....China GDP overstated by 12%, research says via
China GDP overstated by 12%, new research says
Credible economists have long said China's annual GDP growth data may be overstated by 1-2%. If you add that effect up over the years the economy is 12% smaller than official data, according to a new analysis
This would have major implications for China's CO2 targets as well as economy - if average GDP growth rate 2008-2016 is overstated by 1.7%, CO2 intensity reduction achieved 2005-2016 would be 31% not 39%. Target is 40-45% by 2020 which would still be hit.
China GDP overstated by 12%, new research says.