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Gao Shanyuan, chief economist of SDIC Securities, passed away due to illness on July 7 at the age of 55.
Renowned macroeconomist Gao Shanwen has passed away due to illness at the age of 55. He previously worked at institutions such as Peking University and Guotai Junan Securities, and was well-known for his profound insights and warnings regarding the Chinese economy.
Tibetan activist Lobsang Rinpoche self-immolated and died outside the UN headquarters in New York on July 2 to protest the persecution of Tibetans by the Chinese Communist Party (CCP).
Following the implementation of the Chinese Communist Party's "Law on Promoting Ethnic Unity and Progress," the US side issued warnings for three consecutive days, reminding US citizens to be aware of risks regarding religious activities, social media surveillance, and freedom of the press in China.
Gao Shanwen was diagnosed with lymphoma in January 2025 and passed away on July 7, 2027, sparking various speculations from the outside world regarding his cause of death.
Gao Shanwen, Chief Economist of SDIC Securities, publicly questioned official data from the Chinese Communist Party (CCP) during an internal investment lecture, estimating that the actual average growth rate over the past two to three years may only be around 2%.
In a speech at the end of 2024, Gao Shanwen expressed sensitive views on the cyclical bubbles, consumption structure, actual growth rate, and future low growth of the Chinese economy. The speech was subsequently banned, marking his final public address.
Since the second half of 2021, China's real estate market has entered a three-year period of sharp decline, which is considered one of the main reasons for the current economic difficulties and may signal the bursting of the real estate bubble.