Wang Shunyong, deputy head of the National Bureau of Statistics, said on July 5 that new growth drivers contributed more than 40% to economic growth in the first half of the year, increasingly shouldering the burden of China's economy; this claim contrasts with data showing a contraction in the construction and real estate sectors and has drawn skepticism.
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2026-10-22 06:26 · 本文详细解析了2026年8月中国人民银行公布的金融数据。通过对新增贷款、涉融结构、利息支出及提前还贷等大量数据的深入计算，指出私人部门面临严重的“信用消灭”，其借到的钱在扣除利息和旧账后几乎为零，全社会的真实有效信用增量完全依赖政府债务。同时，文章批评了官方和体制内经济学家将数据粉饰为“融资结构优化”和“新质生产力填坑”的说法，揭示了中国经济正面临严重的私人需求萎缩与通缩压力。
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NBS Deputy Director Wang Shunyong Says New Growth Drivers Contributed Over 40% to First-Half Economic Growth
2026.07.05 · Official claim
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