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Agreed. This is like a press release from the department of not-getting-the-joke. It is known that China "misstates" GDP and a variety of economic metrics on a
by lmg643 12y ago
Agreed. This is like a press release from the department of not-getting-the-joke.
It is known that China "misstates" GDP and a variety of economic metrics on a regular basis. Don't take my word for it - thank WikiLeaks:
http://www.reuters.com/article/2010/12/06/us-china-economy-wikileaks-idUSTRE6B527D20101206 http://www.reuters.com/article/2010/12/06/us-china-economy-w...
China's economy is slowing and the electricity consumption is the best un-manipulated evidence we have. As the above commenter references, this slowdown is likely the result of the credit spigot getting turned off.