China just makes up its economic numbers?
This is a point we’ve long made in this space. China is the world’s Ultimate Crony Capitalist State. It is cronyism built on cronyism built on cronyism. And dishonesty is a key part of such a system.
(From Zerohedge)
“Local officials are rewarded for meeting growth and investment targets,” they said. “Therefore, it is not surprising that local governments also have an incentive to skew the statistics.”
Reprinted from: https://www.ac2news.com/2019/04/china-just-makes-up-its-economic-numbers/
