CHINA UPDATE: Dynasties

…Economic growth continues to decline – it is now under two percent a year and getting worse. That means more unemployment and lower living standards for most Chinese. A decade ago it became clear that the purported years of ten percent GDP growth were ending, assuming they were ever true at all. Not just because economic growth was slowing but because the central government was finally forced to go public, for the first time, about the false economic data that provincial officials had been sending to the central government for decades.

Yes, “the official numbers were doctored.” And “Xi Jinping hasn’t come up with a workable solution…”