China’s Rebound May Be Bigger Than Advertised
China’s economic indicators have long had their skeptics, and despite a major overhaul of the nation’s data-gathering apparatus, the nation’s latest growth figure is reprising some of those doubts.
Officially, China said it recorded 3% growth for 2022. That was the second-lowest pace in data going back to the 1970s, but it still looks a lot better than a raft of underlying figures would suggest.