This Chart Reveals How China Is Faking Its Economic Growth Figures

BY KEVIN BREKKE : China ended 2016 with 6.8% annualized GDP growth for Q4 that let it log 6.7% growth for the year. Among other things, Beijing’s data divas were eager to report that fixed-asset investment (FAI) had jumped 8.1% last year. But a quick dissection of that number reveals that a surge in FAI by state-owned enterprises (SOE) saved the year.
The Market Oracle

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