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China’s Absurd National Investment Data

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China’s Absurd National Investment Data
A view shows cranes in front of the skyline of the Central Business District (CBD) in Beijing, China, on Oct. 18, 2021. Thomas Peter/Reuters
Wang He
Updated:
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Commentary
China’s fixed asset investment from January to October totaled 47.15 trillion yuan (about $6.78 trillion), a 5.8 percent year-on-year increase in the first 10 months of this year, according to a statement by the National Bureau of Statistics (NBS) on Nov. 15.
Wang He
Wang He
Author
Wang He has master’s degrees in law and history, and has studied the international communist movement. He was a university lecturer and an executive of a large private firm in China. Wang now lives in North America and has published commentaries on China’s current affairs and politics since 2017.
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