By Staff Reporters
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The Li Keqiang Index was created by The Economist and measure’s China’s economy using three indicators: railway cargo volume, electricity consumption and bank loans.
According to Wikipedia and a leaked US State Department Memorandum, Li Keqiang (then the Chinese Communist Party Committee Secretary of Liaoning) told a US ambassador in 2007 that the GDP figures in Liaoning were unreliable and that he himself used the three other indicators: [1] railway cargo volume, [2] electricity consumption and [3] bank loans
The “Keqiang index” is also used by Haitong Securities released in 2013, suggesting decelerating China’s economic growth since the beginning of 2013
The index is seen as an alternative to official gross domestic product numbers released by the Chinese government.
CITE: https://www.r2library.com/Resource/Title/0826102549
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Filed under: "Ask-an-Advisor", Funding Basics, Glossary Terms, Investing, LifeStyle, Marcinko Associates | Tagged: China, Chinease, economist, GDP, Haitong Securities, Keqiang Index, Li Keqiang, Li Keqiang Index, Marcinko, US State Department Memorandum | Leave a comment »














