"Starting the last several months, and, in some cases, dating back several years, China has gone dark in reporting the following: land sales, foreign investment, unemployment numbers, business confidence, numbers of investors in financial markets, real estate valuation, retailsales, and even vital data on cremations so that health authorities have no idea what is going on. The bureaus have simply stopped reporting.
With the second largest economy, and widespread doubt about the country’s economic health, this is gravely concerning.
Close watchers have long raised doubts about China’s GDP data. We are told that the economy grew 5 percent last year, which would be extremely impressive. But such huge measures are subject to manipulation in every country but especially in one that has made the promise of extreme economic growth central to the power and permanent control by the CCP. Experts have suggested that growth rates have been exaggerated by 2 to 3 percentage points. China suddenly faces its own grave economic challenges, which could grow so substantially as to threaten even the political stability of the country. Right now, outside observers have been largely blinded as to how serious the situation has become. We just don’t have the data." ZeroHedge

No comments:
Post a Comment