Beijing Behavior

While Beijing was to release its GDP data today, it’s been postponed indefinitely. Hours before that announcement, China’s top planning agency said growth had “rebounded significantly” and remained “outstanding”. A raft of other economic data was also suddenly and indefinitely postponed. These delays are all you need to know about the current condition of the Chinese economy, which grew a dismal 0.4% in 22Q2, and the role economic data plays.