Chinese Economic Growth May Be HIGHER Than The Offical Rate!Rupert Hargreaves
Over the past nine years, the “ Li Keqiang Index ” has become an unofficial method of measuring China’s economic growth since the now famous 2007 exchange between Premier Li Keqiang, then the Communist Party secretary of Liaoning Province, and U.S. Ambassador Clark Randt.
Within the exchange, Li admitted that he preferred to assess the state of Liaoning’s economy by averaging the growth rates of electricity production, rail freight, and bank loans, adding that official statistics were “man-made” and “for reference only.”
Since Li’s admission . . .
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