The truth behind China's manipulated economic numbers

``... most surprisingly, some indicators suggest China entered a deep downturn in the first half of the year on the back of a sharp contraction in lending. This phenomena already seems to have bottomed out by the middle of 2015, as the state once again rode to the rescue to revive credit growth. GDP is now expected to rebound to 4.5pc this year, followed by 6.5pc in 2016, calculate Capital Economics.''