Dr Doom warns China is LYING and economic crisis is MUCH worse than we think
CHINA’s economy is in a far worse state and growing at a much slower rate than its authorities say, fear experts.
By LANA CLEMENTS
Express.co.uk
Wed, Jan 20, 2016
Chinese policymakers this week said the economy grew by 6.8 per cent in the final three months of 2015, and 6.9 per cent during 2015 as a whole.
The figures were the weakest in 25 years, coming in below expectations and prompted alarm among investors.
But some critics believe China’s growth could actually be less than four per cent, which would unleash a very nasty surprise and sting for the global economy in the months to come.
The slowdown of the world’s second-largest economy is one of the reasons that stock markets across the world have been crashing since the start of 2016.
If China was in reality growing at an even smaller pace than authorities let on, markets would have reacted even worse than has already been seen.
China makes up around 17 per cent of global GDP, in today’s inter-connected world its financial health is crucial to trade and economies across the world – including Britain.
Yet it’s thought that policymakers frequently fiddle official data to make it better than it really is.
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