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In China, The Great Deep Freeze Continues
China: It's not going well.
Still. It's still not going well for the world's second-largest economy
Great time to get a washing machine or rice cooker in China.
H-Man, the other day a party economist suggested the GDP number was not 5% but maybe closer to 2%. Not surprisingly, he has been put on ice by Xi. So how much credibility do we give the numbers that China spits out? The answer should be “not much”.