2012-06-23 — zerohedge.com
Guess that makes two of us! (The US authorities just lie through bogus statistical manipulations that have little or no fundamental justification). But, point taken, that China is in no condition to "ride to the rescue" of the global Western countries and teetering financial institutions.
Manipulation of official statistics would also provide a clue why some wholesalers of consumer goods and construction materials say sales are now as dismal as in early 2009.
Studies by Goldman Sachs and other institutions over the years have strongly suggested that Chinese statisticians smooth out the quarterly growth figures, underreporting growth during boom years and overstating growth during economic downturns.
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