a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment by qiy
qiy  ·  3026 days ago  ·  link  ·    ·  parent  ·  post: Chinese officials admit to faking economic figures

It did seem a bit too good to be true. The rough figure that was thrown around was something like 10% per year for a decade. The country has grown economically, but maybe not nearly as fast.





OMFG_TH3_1D10T  ·  3026 days ago  ·  link  ·  

They're communist. So everything goes through them. And they want to look good.

katakowsj  ·  3025 days ago  ·  link  ·  

Communism the issue? They sound very "Enron" in their bookkeeping? Maybe they're just like any human beings that have been caught up on their own hubris and are now desperate to make reality match the perception they've created.

qiy  ·  3025 days ago  ·  link  ·  

I agree. It doesn't seem like communism is at fault here. In fact it is competition for investment that was the driver, a very un-communist thing.