[marianatom]

One government sponsored number, vs multiple numbers pointing to China's economic decline, which multinationals check in order to gauge the real health of China's economy. Multinationals know the real numbers, which is why they're all leaving.

What other numbers don't lie? 20.4% youth unemployment rate https://www.cnbc.com/2023/05/29/record-youth-unemployment-st.... 22% drop in daily home sales in 2023 vs 2022 https://financialpost.com/pmn/business-pmn/chinas-april-prop.... Yuan losing 7% value against dollar https://www.cnn.com/2022/05/13/investing/china-covid-yuan-us.... and on and on.

[hmm37]

You do realize that the Yuan losing 7% against the dollar meant that export numbers looked like it dropped by a similar percentage in May right? The reports are all using USD to show such a huge drop. In reality if the reports were to use RMB, exports only dropped .8% meaning they are exporting roughly as much as before in raw numbers.

Right now China isn't pouring money into industry because it frankly never needed it. With the opening, more money is now being pumped into reopening services in China, that's why when you look at the PMI for services it's much higher, because people are taking money out of industry (unless it's high tech oriented) and parking it in services. People aren't necessarily consuming more, but it doesn't mean they aren't using much more services than they previously were, and eating out more, etc. GDP doesn't only look at industrial output.

BTW. All the other numbers you cited in the other articles were also provided by the Chinese government.

[pphysch]

Those numbers are from the IMF and CBO, not CCP.

[NLPaep]

Where? The first link leads to here, and the second link is behind a paywall.

https://www.reuters.com/world/china/china-q1-gdp-grew-45-yy-...

>On a quarter-by-quarter basis, GDP grew 2.2% in January-March, data released by the National Bureau of Statistics showed, compared with expectations for a 2.2% increase and a revised 0.6% rise in the previous quarter.