2015-03-16

Difficult To Fabricate Chinese GDP This Year Due To Wrist Cutting At Local Level

Li Keqiang famously told the U.S. amabassador that Chinese GDP was a man-made number and unreliable. Of course, all GDP is a man-made number based on a Keynesian model of the economy, subject to massive revisions years later, if not months later. Doctoring GDP become more difficult when key economic signals are diverging wildly from the fantasy numbers.

China faces uphill task to meet lower economic growth target, says premier
“It will by no means easy to meet this target," he said.

“The pain is still there and the pain is becoming even more intense,” Li told reporters..

“Shedding government powers will touch on vested interests,” he said.

“However painful it is, the wrist-cutting efforts will be carried out continuously until the job is done.”
China's reform movement is extremely positive, but the growth target is propaganda.

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