Still, China's economy has picked up for now: Capital Economics approximates China's
real economic growth instead of relying on the government's quarterly figures, which are widely thought to be manipulated.
If
real GDP were to increase at 10.3 %
instead of 2.5 % in 2015, then the government should receive, at a minimum, an extra $ 6.6 billion in tax revenue thanks to
economic growth (this calculation assumes that nominal GDP grows at the same proportion as
real GDP; it is more likely that nominal GDP would rise even higher as such quick
economic growth would be inflationary, pushing that $ 6.6 billion figure even higher).
Instead of measuring
real improvement in energy efficiency, it hides the outsourcing of dirty, coal - based manufacturing to developing countries and changes during times of
economic growth or recession, irrespective of efficiency.