WSJ: The Chairman of the People's Republic of China demanded to punish a famous economist who doubted that the country's economy is really growing at 5% per year
“When Xi Jinping found out, he was furious.” VCG/Getty Images A steel plant in Anhui province, China, August 28, 2024 In December, speaking at a conference in Washington, Gao Shanwen, chief economist at the Chinese state-owned SDIC Securities, who often advised the government on economic and financial policy, admitted that the Chinese authorities were overstating GDP growth rates. “We don’t know the true numbers of China’s economic growth.