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Chinese state mouthpiece Xinhua GDP numbers have been made up for a long time, at least at the regional level. This is just short of the National Audit Office admitting GDP numbers are basically made up.
China has made progress, but the US is still the most innovative country in the world
According to Lombard Street Research, the Chinese economy is actually shrinking, not just slowing.
A former Chinese official publicly admitted recently that the faking of economic data is rampant.
