China's Economy Is Slowing Down

 

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Nov 4th 2015, 05:00

Noah Smith, Bloomberg: China's Economy Is Worse Than You Think

The unreliability of Chinese official economic data has become almost a cliche. A few years before he became China's premier, Li Keqiang said that the country's numbers were "man-made" and "for reference only." If the top economic policy maker of a country says that the numbers aren't reliable … well, you believe him.

But how unreliable? The fudge factors might only be a few tenths of a percentage point. It's very hard to fake economic numbers in the same direction for a very long time -- eventually, it becomes obvious to everyone that your economy is either much bigger or much smaller than the cumulative growth rates would have indicated. Something a bit like this happened to China back in 2007, when the Asian Development Bank reported that China's gross domestic product was much smaller than believed. Chinese inflation had been understated, leading to real (inflation-adjusted) growth numbers that had been too high for too long.

WNU Editor: My friends in China who own and/or run a business are all telling me the same thing right now .... everything is slowing down. Should we be worried .... definitely .... Could China's Economic Crisis Spark A War?

KEEP SCROLLING TO THE END ...WE STILL GOT LOTS MORE .......

Revenge is a Poison meant for others, which we end up swallowing ourselves. Vengence is a Dark Light that blinds all who seek it. Don’t argue with Idiots.. They will bring you down to their level and beat you with experience.

Source : http://www.coolnsmart.com/wise_quotes/

                                                     

YOU CAN SKIP THIS PART(short joke)...

A young couple moved into a new neighbourhood. The next morning while eating breakfast, the young woman saw her neighbour through the window hanging the wash outside.

"That laundry is not clean," she said. "She doesn't know how to wash correctly. Perhaps she needs better laundry soap".

Her husband looked on, but remained silent. Every time the neighbour would hang laundry to dry, the young woman would make the same
comments.

About one month later, the woman was surprised to see nice clean wash on the line and said to her husband: "Look, she has learnt how to wash correctly. I wonder who taught her this!"

The husband replied: "I got up early this morning and cleaned our windows."

And so it is with life.

What we see when watching others depends on the purity of the window through which we look.

Easy to discuss other people, their lives and things that don't really concern us.

Yet we tend to forget- our window isn't that clean after all.

Clean up your window with the WORD! (THE TRUTH.)

LORD, please give us the strength, humility and courage that we may work on our faults first rather than seeing the faults in Others and castigating them.

Have a beautiful Week !

 

 

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