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The John Batchelor Show

PREVIEW HEADLINE: Questioning the Validity of China's Increased GDP Expectations GUEST NAME: Fraser Howie SUMMARY: John Batchelor speaks with Fraser Howie about the World Bank/IMF raising GDP expectations for China. Howie suggests these organizations relu

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 8 October 2025

⏱️ 1 minutes

🧾️ Download transcript

Summary

PREVIEW HEADLINE: Questioning the Validity of China's Increased GDP Expectations GUEST NAME: Fraser Howie SUMMARY: John Batchelor speaks with Fraser Howie about the World Bank/IMF raising GDP expectations for China. Howie suggests these organizations reluctantly avoid public negativity about China and rely on models. He notes results depend entirely on inputs, calling the process "classic rubbish in, rubbish out."

Transcript

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0:00.0

This is John Batchez, speaking with colleague Fraser Howie, co-author of Red Capitalism,

0:07.2

about the increase by the World Bank IMF of the GDP expectation of China this year from

0:13.8

four-something to four-something higher. What meaning? Fraser deals with the meeting right away. Very short-handedly.

0:24.5

Everybody does the same thing. It matters what the inputs are. Here Fraser explains,

0:30.7

and what good is the result. China's growths four something to four something. More of this tonight.

0:39.7

To some extent, they, they, I think, you know, they're never going to come out publicly and really

0:44.2

be particularly negative about China. But remember, these people, they have a load of, they have

0:48.3

models, they have inputs, they put the inputs into the model, they turn the handle and outspit

0:52.0

some numbers and that's what their report produces. That's what they do. They do it for all the other countries. They're doing it for

0:57.7

China as well. The quap, but it's the classic rubbish in, rubbish out.

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