onsdag 20. januar 2016

China's Economic Growth Slows to 6.9%: But No One Actually Believes The Figures

China’s GDP growth has been reported as slowing to 6.9% for the 2015 year, and 6.8% for the final quarter. This is the lowest recorded growth rate in a quarter of a century, since the immediate aftermath of Tiananmen Square. However, while this is the recorded number we shouldn’t pay all that much attention to it. There’s almost no one out there who believes that the aggregate Chinese economics statistics are anywhere near correct. Indeed, we’re reasonably certain that the Chinese Government itself doesn’t believe them. Read more