More Proof China Is BULLSHITTING Economic Growth Figures Again !

GOD IS MY DOG

Alfrescian (Inf)
Asset
Joined
Apr 26, 2011
Messages
12,639
Points
113
China’s imports from Japan fell 16.2pc in December. Imports from Taiwan fell 6.2pc.

The Shanghai Container Freight Index fell 1.4pc to a record low of 919.44 in November, after sliding relentlessly for several months.

The Baltic Dry Index measuring freight rates for ores, grains, and bulk goods, has fallen 44pc over the last year. Kasper Moller from Maersk in Beijing said weak Chinese demand for iron ore was the key culprit.

Rail, road, river and air freight volume for the whole of China fell to 31780m tons in November (latest data), from 32340m tons in October.

Chinese electricity use was flat in over the Autumn, with a sharp fall in the (year-on-year) growth rates from 8.9pc in September, to 8pc in October, and 7.7pc in December.

Residential investment has been contracting on a monthly basis, property prices falling in all but two of China’s 70 largest cities.


So how did China pull off an economic growth rate of 8.9pc in the fourth quarter?
 
What do you expect from the Chinese. They fake EVERYTHING!
 
Back
Top