Not the Middle Income Trap, but the Make Your Numbers Trap
James McGregor
![James McGregor]()
James McGregor
James McGregor is an American author, journalist and businessman who has lived in China for three decades.
"By setting a high target, China creates two dangerous temptations for itself. The first is to massage data to make growth appear stronger than it actually is. There have long been concerns that China is wont to adopt such tactics; as headwinds to China’s growth intensify, such doubts will be all the more widespread this year. The second temptation will be for the government to gin up growth more than is warranted."
https://www.economist.com/news/china/21694208-omniscience-wonderful-thing-china-sets-itself-lofty-growth-target
Q房网 - 地区经理
9 年Occasionally look at the NPC and CPCC` knew this year, replacing business tax with value-added tax(VAT) contents ^_^)
G&T fashion accessories co.,ltd. — General Manager
9 年We always live in CCTV, leader should come to see the real market, the target 7% is not only for report o face,no one has the clairvoyance
微网挖机服务 - 工地
9 年看不懂英文
CEO China Europe Carbon Neutral & Vice President EU Chamber in China & Partner at Progetto CMR (Beijing) - Affiliate Professor - Executive - Keynote Speaker - Business Development - Government relationship - Strategy
9 年@Chen, I don't argue about how many Chinese people followed "the" meeting... In any case all of them, as well as us, will be directly touched by the decision taken... Then better been informed and deeply read the meaning behind each sentence! ;-)