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Economist Reveals China’s GDP Growth May Only Be 2%

1/10/2025

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Summary

Story summary

Chinese economist Gao Shanwen faced censorship for questioning the accuracy of China's GDP growth figures.
He pointed out high youth unemployment and a real estate crisis impacting the economy.
Gao estimated the actual GDP growth at approximately 2%, significantly lower than the official nearly 5%.
The Chinese government targets a 5% growth rate for 2024 despite ongoing economic challenges.

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Story summary

Chinese economist Gao Shanwen faced censorship for questioning the accuracy of China's GDP growth figures.
He pointed out high youth unemployment and a real estate crisis impacting the economy.
Gao estimated the actual GDP growth at approximately 2%, significantly lower than the official nearly 5%.
The Chinese government targets a 5% growth rate for 2024 despite ongoing economic challenges.