China Uses Surprise Data Announcements to Counter Economic Gloom
- Market-moving metrics being disclosed in advance at briefings
- Officials face political pressure to polish messaging: analyst
The change in operating mode signals officials are stepping up efforts to boost confidence in China’s economy.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Chinese officials are using a new strategy to help shape a positive narrative on their nation’s slowdown: Making early disclosures on flattering economic news in a bid to boost markets.
The latest example came Thursday, when Vice Finance Minister Liao Min highlighted bright spots in the budget data at a press briefing in Beijing. His comments beat the monthly statement which normally provides that information, without commentary, by one hour.