ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Chinese provinces heed Xi's calls for accurate GDP data

Liaoning posts almost 20% decline in nominal growth rate for January-June

Chinese President Xi Jinping, left, with Premier Li Keqiang at the National People's Congress in March (Photo by Akira Kodaka)

BEIJING/DALIAN, China Chinese President Xi Jinping's campaign against inflated economic data is starting to catch on, with Liaoning Province reporting a plunge in nominal gross domestic product that likely reflects a departure from past practices.

Real GDP in the northeastern province grew 2.1% on the year in January-June, and both consumer and wholesale prices gained. Nominal GDP, however, shrank 19.6% to 1.02 trillion yuan ($153 billion), even though logic dictates that if prices are on the rise, nominal GDP should outperform real GDP.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more