Zero Hedge: China Braces To Unveil 5%-GDP Growth At Two Key Meetings In Coming Weeks
Earlier this month, Beijing marked the 70th anniversary of the People's Republic of China with huge military parades, showing off its hypersonic weapons and weaponized drones. But behind the scene's China's economy is quickly decelerating, and fresh evidence last week shows GDP could slip under 6%. China's GDP, published last Friday, showed 6% growth for 3Q, the weakest quarterly prints since 1992 and down from 6.2% in 2Q.
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WNU Editor: My friends and contacts in China are telling me a different story. There has been no real growth in the economy since the summer.
4 comments:
The Chinese economy is contracting. We all know it. 5%? Haha no way. -5% perhaps. Just shows you how much they fake their economic data
Fredo or some dumb ass lib just took me to task (Tried really. They face planted and didn't notice.) about how the trade war is going to cause a recession for the US. I love all the concern trolling by the dweeb lefties about what is good for the US economically and how we can never win against China.
They might get a little quieter with this article, but they will be out in full force in no time as if reality never hit them in the face.
Anon @ 758am agreed.. makes no sense.. if you don't have trade law enforcement you might as well go home and declare capitalism dead and what will take over is Chinese governmental capitalism, in which everything goes: Want to steal (as long as it's for China)? go right ahead. Want to bully, beat and kill people as long as there is money to be made for China? Go right ahead. That's what is ALREADY happening in the South China sea. Fishermen of other nations are beaten, some drown. If we do not stand up against this, and 1.5bn people can live by laws that are in direct conflict with human values, human dignity, human rights, then the left is our enemy for real. Because they have no principles. They bend with the wind as long as it gets them power. It is terrifying how little morale they have. They are the true enemies to democracy and human rights, forming mobs to harass and intimidate people (Maxine Waters STILL holds her job after instigating violence).. it is a bad time to be on the left, and I was left most of my live. But what they do now is beyond the pale. Shocking. Disgusting.
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