How badly is China’s economy doing? Look behind the official GDP figures
If we apply this to energy, some of the sky high expectation for energy consumption and prices are certainly overblown. Chinas official growth figures are so ridiculous, they must be discounted from any calculation. But they are not in terms of expectations for oil and gas consumption and that is going to come back and bite the market.
Richard Harris says China’s economy is slowing, through no fault of Beijing’s. But when the authorities hold on to a wishful 6 per cent GDP figure, investors will make mistakes. Reliance on the ‘China model’ also won’t help trade talks with the US
