Translated by: MOS Education Team – Angelina
On January 17, the National Bureau of Statistics of China published 2021 GDP expanded 8.1%, the second-largest increase since 2011, which raised 9.6%. Such news stirred up questions of data counterfeiting.
Japanese media reported that, in 2021, pandemic paused production all over the country, passenger transportation dropped, purchasing desire such as the duty-free shopping heaven in Hainan decreased sharply due to epidemic restrictions.
Meanwhile, the Evergrande operational crisis with the local government confiscated land deepened real estate investment expectations. Slogans spread widely amid the Evergrande retail investors “no common prosperity, only common poverty.”
Analysts pointed out the 2021 GDP shouldn’t surpass the pre-pandemic four-year average because of a series of economic disasters in 2021: the year-long epidemic control, Evergrande and Fantasia’s debt explosion, six national central banks bad loan ratio substantially increasing, Zhengzhou flooding in July, multiple cities irrational power cut-off in September, and Pearl River Delta drought in October. It will only fit the CCP’s consistent deception logic that the 2021 GDP expanded 8.1%.
Proofread/Edited/Posted by: Wenfei