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Gilded gossamer


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I believe they're probably understating inflation, so real growth might be below 8%. But same is probably true for any other country in the World.

There is a difference, even though the press here is generally weak kneed an enterprising soul can accumulate data and publish it online to refute data put out by the government. This isn't true for over there, the press and internet are severely controlled. Even twitter is inaccessible.

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I have to wonder why the Chinese even bother to publish data. I guess "investors" require it, even though they know it's a sham. Nobody knows what's really going on in China. However

 

 

Look Like 8% GDP Growth to You?

 

"However, the growth rate in electricity output and on-grid volume was much lower than in the same period last year, which stood at 28.16 percent and 28.77 percent respectively.

 

Actually, the sharp slide in social electricity consumption growth in January-February foreshadowed the slower growth of electricity output of power generators in the first quarter of 2012. "

 

http://tdworld.com/customer_service/china-electricity-use-0212/

 

What the hell is "social electricity"? Does it include factories?

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For those that may not be aware...

 

Don't forget the douche Chinese infatuation with the number "8" when it comes to all things wealth & financial

 

The number of times it appears in various headline "numbas" is redonkulous

 

http://en.wikipedia.org/wiki/Numbers_in_Chinese_culture

Beijing Olympics began at 8PM, Aug 8, 2008

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