Gao Shanwen · Full chronicle and history

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.

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.

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.

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%.

Economist Gao Shanwen believes that China's GDP annual growth over the past 3 years was about 2% rather than 5%, with a cumulative overstatement of about 10% over the 3 years.