China announced on Monday that it would be indefinitely delaying the release of its third-quarter economic data, which was originally scheduled to publish on Tuesday. The economic data would have included third-quarter GDP and other economic monthly indicators, Bloomberg reports. No new release date has been provided at this time.
This move by the National Bureau of Statistics was announced during China's national congress of the Communist party which occurs twice a decade, The New York Times reports. The delay has drawn suspicion that the data may be worse than expected. The Chinese economy has been facing a number of troubles including a property crisis and the impact of the zero-COVID policy, an attempt to eliminate the virus through strict lockdowns, reports the Financial Times.
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