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#196 China Statistics

China’s economic data system is a work in progress and a hurdle that statisticians have yet to overcome. The Chinese NBS could improve its system by offering greater transparency behind the data-gathering process and statistical procedures, allowing data users to better identify weaknesses in the official numbers. But the heavy criticism of Chinese officials and accusations of intentional falsification or manipulation are likely misplaced. The truth is more likely that economic growth in China is too challenging to capture as effectively as growth in developed countries.
See reference article from analysts of the Federal Reserve Bank:

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China has recovered +6% of GDP growth since the 2020 pandemic.
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China's trade balance (e.g. Exports minus Imports) as been consistently positive. The current rate amounts to >$400 billions, down from a peak of >$600 billions in 2015. Countries with a positive trade balance are enriched, countries with a negative trade balance are becoming impoverished.
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China has shifted its land exploitation low-productivity workforce from 90% rural in 1950 to 40%. The increasingly high-productivity workforce became increasingly industrial based, moving from 10% in 1950 to 60% in 2019 where  continues to grow.
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Chinese population growth diminished from 200 million per ten years in 1975 to 4 million in 2019. The annual growth rate declined from 3% in 1975 to the current 0.35.
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