ChinaNow

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 Danilo Cascaldi-Garcia, 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.  It is designed to help researchers, analysts, and policymakers monitor China’s economic momentum.

We will provide quarterly updates of our ChinaNow series at www.chinanowcast.com

For a detailed description of the data and methodology, please see our paper: What Happens in China Does Not Stay in China

*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.