The National Development and Reform Commission (NDRC) has given the green light to 21 major infrastructure projects between January and October this year. Photo: Xinhua
Mish Talks: China's Growth Much Worse Than Reported, What About The US?
China doubles value of infrastructure project approvals to stave off economic slowdown amid trade war.
The South China Morning Post reports China Doubles Value of Infrastructure Project Approvals to Stave Off Slowdown.
The National Development and Reform Commission (NDRC) has approved 21 projects, worth at least 764.3 billion yuan (US$107.8 billion), according to South China Morning Post calculations based on the state planner’s approval statements released between January and October this year.
The amount is more than double the size of last year’s 374.3 billion yuan (US$52.8 billion) in approvals recorded over the same period, which included 11 projects such as railways, roads and airports.
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WNU Editor: As mentioned in other posts. My sources and contacts in China are telling me that Chinese economic growth is flat.
4 comments:
So many Dims are crying that Trump's trade war is hurting the US and further saying that it won't hurt China.
I do not have to rely solely on the the US media outlets many of which are propaganda outlets for the Dim-o-crat Party.
I remember visiting China, when GDP growth rate was "10%". My spouse told me "Do not be boisterous. People are hurting. The economy is not good."
https://tradingeconomics.com/china/gdp-growth-annual
Meanwhile we have state sponsored sock puppets and fellow travellers making hay.
I bet the CIA is measuring this - in part - by the number of ships going in out of major hubs like Shanghai, Shenzhen, ..
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But you were still boisterous enough to ask "how much for a woman"?
Vacation my ass.
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