economy at a business school in singapore and he said he was very surprised at the delay. this is a very rare event. almost all governments, even in the midst of war, financial crisis, health shocks, they always release gdp statistics. sojust keep in mind, even at the height of covid, the chinese government was putting out all of these gdp retail sales statistics. so my only guess is that those numbers were not very good, and would not lead to the objective of doubling the chinese economy in the time span that president xi announced. that growth target was the 5.5 gdp growth target. most analysts agree it is pretty much long gone, references to that which dropped a few months ago in china. we are expecting ago in china. we are expecting a raft of other figures, as well, but given how carefully calibrated everything is, how deliberately chosen the language is at these national party congresses, anything that comes out, whether good or bad
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THE STANDARD By
Ken Gichinga |
March 1st 2021 at 00:00:00 GMT +0300
There was a time most business leaders would formulate their business projections based on a single economic report, which could easily be downloaded from the Internet.
The world has since changed, and it has become commonplace to find a remarkable disconnect between the economic performance captured by the official statistics and the business performance recorded by actual transactions.
Often this can breed confusion and tension within the ranks of an organisation, greatly weakening team spirit and morale of employees who, despite working extremely hard, are unable to meet the set business targets.