CHINA IS NOT RECOVERING
Donald Trump says “trade wars are good and easy to win” if your foes depend on your market and you can break them under pressure.
You see, he knows that China’s majestic and elegantly-stable GDP figures are best seen as an instrument of political combat. Which is why he proclaimed victory when the Shanghai equity index went into a swoon over the winter. This is classic Trumpian gamesmanship.
It is in China’s urgent interest to puncture such claims as trade talks come to a head. Xi Jinping had to beat expectations with a crowd-pleaser in the first quarter. The number was duly produced: 6.4%. Let us all sing the March of the Volunteers.
“Could it really be true?” asked Beijing-based Caixin magazine. This was a brave question in Uncle Xi’s evermore totalitarian regime.
Of course it is not true.










