A new analysis by Rhodium Group suggests China's real economic growth in 2025 may be significantly lower than official figures, potentially between 2.5-3% compared to the stated 5.2%. This discrepancy is attributed to a sharp contraction in fixed asset investment, shrinking credit growth, and persistent deflationary pressure. Analysts question the plausibility of high growth amid prolonged deflation, with some experts suggesting official data may be politically engineered to project competence.