This article appeared online at TheNewAmerican.com on Monday, July 16, 2018:
According to China’s National Bureau of Statistics (CBS), China’s economy slowed in the second quarter. Unofficial numbers show it slowed a lot.
The numbers coming from the country’s CBS have long been held as spurious, more wishes and hopes reflecting political policy rather than economic reality. For example, the agency has reported for at least the last two years that the country’s economic growth has stayed comfortably above the government’s stated target of 6.5-percent annual GDP growth. Imagine what’s happening behind the scenes at the bureau when it was forced to report a slight decrease in the country’s economic performance in the second quarter compared to the first.
The bureau is essentially the official voice of the communist government as it reports directly to the government’s State Council and is charged with the collection and publication of statistics related to the country’s economy, population and society. So not only must anything and everything reported by the agency be taken with a large dose of salt, it puts special pressure on those determined to find out what’s really happening behind those government numbers.
Officially the Chinese economy