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China Macroeconomics & Academia

Christopher Balding

Macroeconomics

<p>Retail is such an important indicator of economic health as Beijing tries to push the consumption shift narrative that when numbers do not add up the data almost deserves an asterisk. The rolling 12 month YoY retail growth when calculated by hand does not match the official retail growth numbers from the Chinese state. Keep in mind this is their own numbers we used to calculate the difference.</p>

Retail is such an important indicator of economic health as Beijing tries to push the consumption shift narrative that when numbers do not add up the data almost deserves an asterisk. The rolling 12 month YoY retail growth when calculated by hand does not match the official retail growth numbers from the Chinese state. Keep in mind this is their own numbers we used to calculate the difference.

China GDP and Retail