China's delay in the release of key economic data amid an important Communist Party Congress is a move to avoid distraction, not conceal data, analysts say
A delay in releasing key Chinese economic data — which coincided with a once-in-five years Communist Party meeting — has sparked speculation that Beijing is deliberately concealing the numbers over how bad they look.
China delayed the release of key economic data which was scheduled to go out this week, amid the all-important 20th National Congress of the Chinese Communist Party, whereThe postponement of the data — GDP in particular — has raised speculation that the numbers are deliberately being hidden. But that's probably not the case, according to analysts.
China's third-quarter GDP data was slated to be released at 10 a.m. today, but has been delayed, according to theThe release of a slate of other statistics from industrial production, fixed asset investment, to real estate sales has also been postponed. While delays in monthly statistical data release are indeed"quite unusual," they are not unprecedented, according to Zhuang. China, in August 2009 and September 2015, postponed the release of monthly economic data such as inflation and retail sales due to long public holidays, the economist said.COVID-19, debt crisis knocks China's GDP
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