Article

2024-02-02 China-Japan-Koreas

China is Censoring Bad News About Its Economy

[Hot Air] The news coming out of China’s economy continues to be a very mixed bag. Officially the country met its 5% growth target last year, but Evergrande is on the verge of liquidation, the stock market is down, foreign investment is down and the PMI numbers for January also show factory activity is still contracting.

China’s manufacturing activity contracted for the fourth straight month in January, an official factory survey showed on Wednesday, suggesting the sprawling sector was struggling to regain momentum at the start of 2024.

The official purchasing managers’ index (PMI) rose to 49.2 in January from 49.0 in December, below the 50-mark separating growth from contraction and was in line with a median forecast of 49.2 in a Reuters poll.

So what do you do if you’re a one-party state and the news has a negative edge? You censor it of course. That’s precisely what China has been doing.

Posted by Besoeker 2024-02-02 10:53|| || Front Page|| [11147 views ] Top
File under: Commies

#1 And the US isn't? Anybody who buys inflation and employment stats from the government, I have a bridge to sell them.

Posted by Procopius2k 2024-02-02 11:02|| 2024-02-02 11:02|| Front Page Top

#2 ^Would someone want your old teeth?
Late SOTD Mod Division

Posted by Skidmark 2024-02-02 12:19|| 2024-02-02 12:19|| Front Page Top

#3 They just tell us bold face lies as if we are all stupid af.

Posted by Chris 2024-02-02 12:36|| 2024-02-02 12:36|| Front Page Top

#4 I am shorting chow mein on the commodities market.

Posted by Super Hose 2024-02-02 16:45|| 2024-02-02 16:45|| Front Page Top

#5 This is not news.

Posted by Gromble Dribble4342 2024-02-02 17:36|| 2024-02-02 17:36|| Front Page Top

#6 We are at the blaming local businesses mode.

Wasn't too long ago, it was gas stations who were the saboteurs.

Posted by swksvolFF 2024-02-02 18:18|| 2024-02-02 18:18|| Front Page Top

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