This article appeared online at TheNewAmerican.com on Monday, July 15, 2019:
The “official” numbers released by China’s National Bureau of Statistics (NBS) on Friday show the world’s second-largest economy “growing at its slowest pace since at least 1992,” as the Wall Street Journal expressed it. But real numbers from the real world — not those reported by the communist government for public consumption — show that the world’s second-largest economy may not be growing at all, and in fact may be shrinking.
NBS spokesman Mao Shengyong all but admitted it: “Economic conditions are still severe both at home and abroad, global economic growth is slowing down and the external instabilities and uncertainties [read: trade dispute with President Donald Trump] are increasing. The [Chinese] economy is under new downward pressure.”
The statement from the NBS accompanying its press release was just as blunt: “The Chinese economy is still in a complex and grave situation.”
Officially, NBS said