Chinese President Xi Jinping was angered by the words of economist Gao Shanwen, who said that real GDP growth figures in recent years in the PRC could have been more than half the official figure.
‘Gao Shanwen questioned Beijing’s ability to stimulate its economy as threats from a collapsing property market, rising debt and other problems loom,’ The Wall Street Journal reported.
According to the publication, the Chinese leader instructed to hold the economist accountable.
Also in WSJ said that the Chinese economy faced a crisis due to overcapacity.
Earlier, the Financial Times wrote that the PRC authorities are trying to stop the wave of detentions of businessmen.
