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China’s GDP data delay fuels concern for economy

Growth is sluggish and drag from strict Covid policies is set to continue

Away from the main stage of China’s 20th party congress, a press conference on Monday addressed the sensitive question of economic growth.

“The economy rebounded significantly in the third quarter,” said Zhao Chenxin, a senior official at the National Development and Reform Commission (NDRC), just a day before new GDP data were due to be published. The country’s performance, he added, was “outstanding”.

But hours later, the government’s statistics department quietly updated its website to clarify that the data would be delayed, without providing further explanation or comment. Economists had forecast growth of just 3.3 per cent — far below the country’s long-term average and its 5.5 per cent target for the year.

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