18 Percent Economic Growth: The Truth Behind China’s Monster Growth

Dhe number seems gigantic. The Chinese economy grew by 18.3 percent in the past quarter, China’s statistical office announced on Friday morning. It is the highest number ever recorded since China’s quarterly economic performance began 30 years ago.

“The economy got off to a good start in the first quarter,” the agency said, apparently modestly, capturing its report, of course not without adding that it was “under the strong leadership of the Central Committee of the Communist Party of China with Comrade Xi Jinping at the center”.

But on closer inspection, this monster number falls apart very quickly. It even shows that

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