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Macro Comment ChinaChina’s economic growth is no longer overstated

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We introduce our new Handelsbanken China Macro Index, an alternative measure of economic activity in China that seeks to measure the 'true' pace of economic expansion. The index indicates that growth in Chi-na picked up in 2016, especially since early in the summer, and is now close to the officially-reported GDP growth figure of 6.7 percent y-o-y for Q3. The index also indicates that official growth numbers over the last two years have overstated actual growth by one to two percentage points.

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Bjarke Roed-Frederiksen

Senior Economist

Latin America and China

bjro03@handelsbanken.dk

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