Surprise, surprise, surprise. The country that wants to burn at the stake fund managers who sell Chinese stock are not trusted when they report their economic numbers.
China says 7 percent GDP growth, but 96 percent of US economists surveyed aren’t buying
In July, when China reported its economy grew at 7 percent in the second quarter, slightly ahead of expectations, there were economists who questioned the number at the time. But today we know the depth of the distrust in the numbers.
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