In China, there are two “different sets of books” depicting the state of the country’s economy. One set conforms to the official line promulgated by the ruling Communist Party, but consists of fake data. This version is made public. The other set, meanwhile, contains the real data. But this set can only be accessed by…
Economist Explains Why China’s Economic Figures Cannot be Trusted
October 28, 2021
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ChinaChina Business & EconomyChinese Communist PartyChinese Regimechristopher baldingEvergrande crisisFinance & Business TiesSpecial TopicsXi Jinping
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Will the Evergrande Crisis Impact America?
Commentary The Evergrande insolvency crisis has had a reprieve, but there may be more to it than meets the eye—much more. After trading for the company’s shares was halted on Sept. 31, the resumption of trading on Oct. 21 led to further declines in its stock price, falling from HK$2.95 to HK$2.58 per share. Evergrande’s…
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