China Gdp Calculation

Rahul Gandhi launched yet another attack on the government, accusing it of "institutionalised lies" and warning "India will pay the price" for poor handling of the economy, the COVID-19 pandemic and the border stand-off with China

On Monday, China's National Bureau of Statistics will announce GDP data for the second quarter.

Many analysts were surprised that a slowdown in growth during the December quarter was not as bad as they had expected following the decision to outlaw 500 and 1,000 rupee banknotes.

India cannot surpass China's GDP despite the "potential" to become a big power, a state-run Chinese daily said today, underlining that "unrealistic" praise and forecasts for India are just giving an "illusory picture".

There has long been widespread scepticism about the reliability of Chinese data, especially as the government has sought to tamp market expectations of a protracted slowdown in the world's second-largest economy.

Official calculation showed the world's second-largest economy needs to grow at a rate of 7.2 per cent annually to ensure 10 million jobs are being created each year, Li was quoted by the Workers' Daily as saying. This would cap the urban unemployment rate at around 4 per cent, he said.

Rahul Gandhi launched yet another attack on the government, accusing it of "institutionalised lies" and warning "India will pay the price" for poor handling of the economy, the COVID-19 pandemic and the border stand-off with China

On Monday, China's National Bureau of Statistics will announce GDP data for the second quarter.

Many analysts were surprised that a slowdown in growth during the December quarter was not as bad as they had expected following the decision to outlaw 500 and 1,000 rupee banknotes.

India cannot surpass China's GDP despite the "potential" to become a big power, a state-run Chinese daily said today, underlining that "unrealistic" praise and forecasts for India are just giving an "illusory picture".

There has long been widespread scepticism about the reliability of Chinese data, especially as the government has sought to tamp market expectations of a protracted slowdown in the world's second-largest economy.

Official calculation showed the world's second-largest economy needs to grow at a rate of 7.2 per cent annually to ensure 10 million jobs are being created each year, Li was quoted by the Workers' Daily as saying. This would cap the urban unemployment rate at around 4 per cent, he said.