Changing last year’s data can turn this year’s GDP growth from – to +/The tearful story with a smile

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On January 24, 2024, China’s Henan Province issued an official announcement that in 2023, the GDP of the province was over 5.9 trillion yuan, a year-on-year increase of 4.1%.
However, Chinese people soon realized that something wasn’t quite right. One person turned to the official newspaper, Henan Daily, from January 21, 2023, and found that on that day, the party’s media outlet published an article about the province’s GDP growth. The headline read “Leaping onto a new stage of 6 trillion! The province’s GDP reached 6.13 trillion in 2022, a year-on-year increase of 3.1%.

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