Commentary New academic research questions Beijing’s claims about how advanced China’s economy really is. Contrary to Beijing’s characterization of an economy that has reached parity with, even surpassed the U.S. economy, the authors of this book-length study, entitled “The Power of Creative Destruction” and written by Philippe Aghion, Celine Antonin, and Simon Bunel, determine that…
Academic Research Questions Beijing’s Propaganda on the Economy’s State of Development
Behind China’s Economic Growth Data: Exposing Beijing’s Tricks
June 4, 2021
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Commentary China reported a year-on-year economic growth of 18.3 percent in the first quarter of 2021, according to data released by the National Bureau of Statistics (NBS) on April 16. Then on April 27, the NBS announced that industrial enterprises above designated size achieved a 1.4 times increase in profits in the first quarter. Chinese state…
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