China's Growth Much Worse Than Reported

The National Development and Reform Commission (NDRC) has given the green light to 21 major infrastructure projects between January and October this year. Photo: Xinhua

Mish Talks: China's Growth Much Worse Than Reported, What About The US?

China doubles value of infrastructure project approvals to stave off economic slowdown amid trade war.

The South China Morning Post reports China Doubles Value of Infrastructure Project Approvals to Stave Off Slowdown.

The National Development and Reform Commission (NDRC) has approved 21 projects, worth at least 764.3 billion yuan (US$107.8 billion), according to South China Morning Post calculations based on the state planner’s approval statements released between January and October this year.

The amount is more than double the size of last year’s 374.3 billion yuan (US$52.8 billion) in approvals recorded over the same period, which included 11 projects such as railways, roads and airports.

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WNU Editor: As mentioned in other posts. My sources and contacts in China are telling me that Chinese economic growth is flat.

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