Chinese Economic Growth May Be HIGHER Than The Offical Rate!

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Rupert Hargreaves
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Updated on

Over the past nine years, the “ Li Keqiang Index ” has become an unofficial method of measuring China’s economic growth since the now famous 2007 exchange between Premier Li Keqiang, then the Communist Party secretary of Liaoning Province, and U.S. Ambassador Clark Randt. Within the exchange, Li admitted that he preferred to assess the state of Liaoning’s economy by averaging the growth rates of electricity production, rail freight, and bank loans, adding that official statistics were “man-made” and “for reference only.” Since Li’s admission, Wall Street analysts have constructed their own models of Chinese economic growth by combining elements…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk