China's National Audit Office Finds Yet More State Fraud

China’s rise over the past few decades into a global superpower has been staggering. GDP Annual Growth Rate in China averaged 9.7% from 1989 until 2017, reaching an all-time high of 15.4% in the first quarter of 1993. During this period total GDP has risen from $350 billion to $11.2 trillion. However, the one thing that has held back China’s ambitions is fraud. China is plagued by a reputation for fraudulent activity; a reputation that it has struggled to shake off. [dalio]   In October, the New York Times highlighted the problem with fake scientific data within China, an issue that’s threatening to…