“What’s Wrong with China’s Consumption, Investment and Inflation Statistics?” by Prof. Tian ZHU
Monday, 1 Aug 2016 | 11:00am - 12:30pm
1303, K.K. Leung Bldg
STRATEGY SEMINAR
Speaker:
Prof. Tian ZHU
Professor of Economics
China Europe International Business School
Abstract:
Much of the debate with regard to the state of China’s economy is based uncritically on the official statistics. But there are serious, systematic flaws in China’s GDP statistics. I will discuss in some details why the expenditure composition of China’s GDP cannot be trusted as the basis for both academic research and policy analysis. More specifically, I will show how China’s consumption figures have been systematically underestimated, and investment figures overestimated. I will also show how in recent economic downturn China’s inflation rate (GDP deflator) and consequently the extent of the downturn have been significantly underestimated.
