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China’s Economic Growth Rate Slows to 26-Year Low
China’s gross domestic product expanded by 6.7% last year, down from 6.9% in 2015 to its lowest pace since 1990, according to the government’s National Bureau of Statistics.
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China’s gross domestic product expanded by 6.7% last year, down from 6.9% in 2015 to its lowest pace since 1990, according to the government’s National Bureau of Statistics.
The announcement comes as the governor of China’s Liaoning province acknowledges that his region doctored its economic reports from 2011 to 2014. Some economists believe China in general has been inflating its GDP data for years.
But Ministry Director Ning Jizhe declares the government’s data for 2016 “truthful and reliable.” He adds that statistics gatherers “on various level will also be strengthening the law enforcement, supervision and checks on figures.”
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