OPINION_ China Shuts Down Its Economic Data

THE EPOCH TIMES

China Shuts Down Its Economic Data

Experts and economic institutions find that China's enterprise debt to GDP ratio is the highest in the world, with studies suggesting signs of the financial crisis have already appeared in the world's second-largest economy. STR/AFP/Getty Images

By Jeffrey A. Tucker
5/7/2025 Updated: 5/7/2025

Commentary

There is a social contract of sorts among all governments of the world to share economic data on prevailing conditions. Behind that practice is a collegial contest to see which nation has the healthiest system, which in turn serves the capital markets by helping to direct resources where they are needed.

Sometimes the data is inaccurate. Sometimes there are lies. But in general, there is at least an attempt to play along with the expectation. This allows agencies and investors to make better assessments and prognostications, plus assist policy makers and central bankers in particular to make better judgments.

There is a general rule in operation. The more transparent governments are with the data they collect, and the more freedom of speech that is permitted to interpret the data in different ways, the more credible it is. It is also likely that governments which share and discuss also have numbers of which they can feel pride.

Rarely do nations go entirely silent on the market, as in turning off the switches and making the data rooms go dark. It is an ominous sign.

This is precisely what has happened in China.

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READ MORE: https://www.theepochtimes.com/opinion/china-shuts-down-its-economic-data-5853771?ea_src=frontpage&ea_cnt=a&ea_med=opinion-0

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