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Lack of Accuracy in Chinese Economic Data

After China reported quarterly economic growth of 7.7 percent this week — far above anemic U.S. and European performance — global markets reacted by falling, wiping billions of dollars off stock prices.

Source: AP. Read full article. (link)

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  • C. S. P. Schofield||

    It never ceases to astonish me, the reverence with which economic data coming from Communist regimes is treated. Why does ANYBODY think they are telling the truth?

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