China Seeks to Cover up an Economic Crisis
On the other hand, Steve Tsang, Director of the China Institute at SOAS University of London, said that the biggest beneficiary of this statistical reporting methodology is the leadership of the Chinese Communist Party.
"These new statistics support the Chinese Communist Party's narrative of China's economy and society and thus unite the country to pursue the 'China Dream' as directed by Xi Jinping (President of China)," Tsang remarked.
Tsang emphasized that creating more patriotic statistics alone will not help the economy.
Tsang said that the most effective way to stimulate the economy is to give money to those most likely to spend it, namely Generation Z in China.
However, Xi Jinping has avoided this in favor of a state-directed approach to investment, from industry to infrastructure "Money will not be given to the consumer society. It's not even going to services like health and medical services and social safety nets, which could reduce the relatively poor population from saving for medical and other emergency needs," Tsang concluded.
Gedung di PIK 2 Kebakaran, Damkar Evakuasi 3 WNA China
Komandan Damkar Kosambi, Ahmad Husni menjelaskan kebakaran terjadi di salah satu bangunan di kawasan Day Night District (DND) PIK 2 dan 3 WNA China berhasil dievakuasi.
