Econbrowser. This posts, by a reader, prompts the debate.
"Reader Steve Kopits doubts the veracity of the current reading on Chinese GDP growth. He writes:
The oil stats say China’s growth has been decelerating for a year, and current GDP growth is in the 0-3% range. Is there another historical example of a major GDP driver like China growing at 7.5% and the currencies of its major vendors collapsing? Do we really believe China’s 7.5% reported GDP growth? In volume terms, that would be as much as 10% GDP growth in 2005. And in 2005 there were all sorts of stories in the press about China’s booming energy sector, housing, manufacturing, luxury goods, exports, infrastructure, etc. Most of what I read about China lately is air pollution, ghost cities and South China Sea tensions. [Are we] sure this economy is growing at 7.5%?"
"Reader Steve Kopits doubts the veracity of the current reading on Chinese GDP growth. He writes:
The oil stats say China’s growth has been decelerating for a year, and current GDP growth is in the 0-3% range. Is there another historical example of a major GDP driver like China growing at 7.5% and the currencies of its major vendors collapsing? Do we really believe China’s 7.5% reported GDP growth? In volume terms, that would be as much as 10% GDP growth in 2005. And in 2005 there were all sorts of stories in the press about China’s booming energy sector, housing, manufacturing, luxury goods, exports, infrastructure, etc. Most of what I read about China lately is air pollution, ghost cities and South China Sea tensions. [Are we] sure this economy is growing at 7.5%?"
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