“China’s economy is teetering at a “critical stage,” expanding a modest 4.9% in Q3, below the five percent target.”
Still FAR BETTER than Russia’s 3.5% growth. Take that, Russia!!!
China’s shrinking, not expanding. The only truth out of China is that everything is 100% false.
China has been faking their growth numbers for years. There is no actual way their economy has grown at all this year.
There is an joke about how the GDP numbers are faked by government officials year ago that went like this. Person A says to Person B: “I’ll sell this piece of turd to you for 1 million RMB”, Person B says “deal”. The sale is reported to the government official. An hour later Person B says to Person A: “I’ll sell this turd back to you for 1 million RMB”. Person A says “Deal”.
They report the transaction to the government. So at the end of the day the government reports 2 million RMB in GDP for that day.