ChinaNow is a real-time, alternative measure of Chinese real GDP designed to capture China’s business cycle dynamics that are not readily observable in the official GDP data. We use a dynamic factor model (DFM) that draws on a broad set of high-frequency indicators that are informative about the Chinese economy and its business cycle. This is a joint work with Eva Van Leemput, Jasper Hoek, and William Barcelona.
We use a dynamic factor model (DFM) that draws on a broad set of high-frequency indicators that are informative about the Chinese economy and its business cycle.
We will provide quarterly updates of our ChinaNow series at www.chinanowcast.com. Check it out here:
For a detailed description of the data and methodology, please see our paper.
*The views expressed in this paper are solely the responsibility of the authors and should not be interpreted as reflecting the view of the Board of Governors of the Federal Reserve System or of any other person associated with the Federal Reserve System.