You’ve probably heard the well-known joke from back in the U.S.S.R. days: “We pretend to work, and they pretend to pay us.” Communist dictatorships depend on lies, and China is no different. They like to wrap themselves in the cloak of Marx and Mao while simultaneously appearing to be successful businessmen. The data, fudged as it is, was looking pretty dreadful. Their solution? STOP reporting it immediately! It saves you the bother of lying if you simply stay mute.
In a nod to our new D.E.I. world, however, the Chinese have hired a non-Chinese gentleman to be their spokesperson henceforth on all economic affairs.
By the way, the Chinese economy has always been based on COPYING our stuff, and that hasn’t changed. One would figure with a population of 1.4 billion, someone in China could come up with an original design. But here’s the ChiJet, which seems like an atom-for-atom copy of the Tesla S,
This car is from a public company, by the way, and their stock performance reflects their success.
