Aren’t China’s numbers government estimates (targets)? They are certainly non-GAAP.
Only a third world economy could grow in real terms the way China claimed in the last couple of decades. Estimates? GAAP? Either the size of China's economy is tied for eighty sixth in the world or her numbers were manufactured out of thin air, make that, out of the vacuum of space.
In the United States the money changers tried to stave off the crash of Black Tuesday. They succeeded for something like twenty four to forty eight hours.
The best thing any government, including the United States', can do is provide a stable foundation then get out of the way. Sustainable growth can't be built buy government because the only things a government create are walls and fences. Build 'em high enough and they stop progress, right now.
That will never happen when men and women with boundless hubris think they are real leaders and know more than a multi trillion dollar market.