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Did China's economy really grow 5.2 percent in 2023? Not all agree | Tom Hancock

LONGSTANDING suspicions about the accuracy of China’s official GDP growth data have spurred a market for alternative calculations, which kicked into action this week after Beijing announced economic expansion for 2023 was in line with its annual target of around 5 percent. There’s a consensus that the economy grew last…
Logan Wright Li Keqiang Goldman Sachs Group Inc Rhodium Group China National Bureau Of Statistics Quantcube Technology

Goldman, Morgan Stanley expect China's housing slump to persist | Tom Hancock

The slump in China’s housing construction will continue in 2024, dragging down economic growth and suggesting that government efforts to stabilize the sector haven’t been enough to reverse the downturn.  That’s the consensus from 10 investment banks and securities brokerages, including Goldman Sachs Group Inc., Morgan Stanley an d UBS…
Hui Shan Logan Wright Goldman Sachs Group Inc Morgan Stanley Rhodium Group Citic Securities Co

Seeing through China's economic mirage

In the summer of 1986, I joined a group of U.S. businesspeople sponsored by the Atlantic Council to attend a meeting of NATO nations in Mainz, West Germany. While in the country, we passed through the infamous Checkpoint Charlie from bustling, glamorous West Berlin through the treacherous Berlin Wall and into East Berlin. The transition was as stark as the opening scene in The Wizard of Oz, in which Dorothy emerges from her tornado-ravaged house into the technicolor Land of Oz. East Berlin was g...
Hong Kong United States New York West Germany East Germany Logan Wright

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