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Outspoken Chinese Economist Who Doubted Official GDP Data Dies
By Joe Leahy
Financial Times, London
Wednesday, July 8, 2026
The death of a prominent Chinese economist who openly questioned official GDP data has prompted an outpouring of mourning for a figure many saw as a "daring truth teller" in a country intolerant of independent voices.
Gao Shanwen, former economist of SDIC Securities, a government-controlled investment group, passed away at the age of 55 "due to illness," the state-owned Shanghai Securities News reported.
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The report, which did not specify when he died, described him as "one of the most influential macroeconomists in China's capital market."
Gao rose to international attention in late 2024 when he told a conference in Washington hosted by the Peterson Institute for International Economics and a Chinese think-tank that China's real GDP growth over the last two to three years on average "might be around 2%" -- far below the official figure of about 5%.
The statement was considered a direct challenge to Beijing, which sets official targets for GDP and rarely misses them, and was seen to validate scepticism among international economists about the accuracy of the country's data. ...
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https://www.ft.com/content/e201f9f4-e3b2-4c59-8300-e50e9310a554?syn-25a6b1a6=1
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