NUTS: China Says Its GDP Will Grow by 5.5% in 2022 Yet Its Largest Industry is in the Tank

China announced they will have a 5.5% increase in GDP in 2022.  These numbers at first glance appear ridiculous.  They remind us of the China of old where measurements meant nothing.

A recent report shows that the property market crisis in China is worsening.

Yet China says that its GDP will increase by 5.5% in 2022.

China has set its lowest annual GDP target in decades, as premier Li Keqiang warned of a “grave and uncertain” outlook against the backdrop of the coronavirus, a slowing economy and the war in Ukraine.

Li announced on Saturday the unusually modest target of about 5.5% growth for 2022 – the lowest since 1991 – in an address to about 3,000 members of the National People’s Congress in Beijing’s cavernous Great Hall of the People.

This does not seem possible.  But last year’s GDP appeared to be overstated as well.

“If Not Coming, It’s Already Here” – TGP’s Joe Hoft in Response to Steve Bannon’s Question Whether a Financial Crisis Is Coming to China


It seems China is back to reporting crazy numbers like in the days of Mao.  That’s the fruits of communism, where nothing is true and nothing can be trusted.  

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Joe Hoft is a Radio Host at TNTRadio.live, Author, Former International Corporate Executive in Hong Kong for a Decade, and a Contributor at TGP since 2016. Joe is the author of five books, including his new bestseller, "The Steal: Volume II - The Impossible Occurs" which addresses the stolen 2020 Election and provides an inventory of issues that prove that the 2020 Election was uncertifiable and never should have been certified for Joe Biden.

You can email Joe Hoft here, and read more of Joe Hoft's articles here.

 

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