Doubts mount over China’s steel, GDP data

Beijing / London | Across the dozens of economic indicators released by China’s National Bureau of Statistics last week, few demonstrated the difficulty of pinning down the state of the world’s second-biggest economy better than the steel data.

Just months ago, steel output – previously subject to an informal cap as Beijing sought to curb emissions and production – was on course to expand significantly in 2023 for the first time in two years.

Financial Times