The truth about China's lies and statistics

China's growth figures are notoriously unreliable and, as its economy slows, inaccuracies become even more important. All signs point to China becoming a normal economy... with abnormally large problems.

It is well known that China’s official growth statistics are highly unreliable. Premier Le Keqiang once told the American ambassador at the time that official statistics were ‘man made’ (read ‘made up’) and ‘therefore unreliable’, and that the only reliable indicators are electricity consumption, volume of rail cargo and loan disbursements.

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