China’s Shock GDP Delay Shows Communist Party Trumps Economy
- Covid restrictions have slowed approval of releases: source
- Delay raises questions about information transparency
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During a week when investors are scrutinizing every utterance by officials in Beijing, the government’s unprecedented silence on key economic indicators is one of the clearest signs yet that the Covid Zero policy and politics trumps all else in Xi Jinping’s China.
The government postponed the release of several major economic reports in the past week, including gross domestic product figures, without providing a reason for the delay or a new release time.