Evercore ISI Reports a Decline in Chinese GDP, a Much Different Picture than the Official 7% GDP Growth

In a striking take on the Chinese economy, Evercore ISI analysts released their estimates of China GDP compared with official China GDP figures.

The difference is amazing, speaking to the problems with reported, official Chinese GDP.

Here's a look at what Evercore ISI calls their China Synthetic Growth Index.  The detail behind the Index is, of course, proprietary.

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Chinese GDP versus Evercore ISI Synthetic Growth Index

The following graphic compares the reported China GDP figure against Evercore ISI's Synthetic Growth Index.

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The Official China GDP Figure

The pink series is reported, official China Real GDP.  The dotted pink line through the official China GDP data is a linear regression line through the reported figures.

Perhaps unsurprisingly to many who view the official Chinese...