It’s not getting better. It’s getting worse.
China can pretend it’s growing, and foghorns like Bloomberg will pass on the lies:
Gross domestic product grew 5.2% last year, data released by the National Bureau of Statistics showed Wednesday, matching the rate that economists had expected in a Bloomberg survey. Beijing’s official target was “around 5%.” In an unusual move, Premier Li Qiang revealed the headline number a day earlier in Davos, Switzerland.
