The Chinese communist regime admitted on July 17 that the GDP growth rate in the second quarter of the year was lower than expected. Observers pointed out that China’s economy is actually in stagnation or even decline, as investment and demand both domestic and foreign continue to weaken, with domestic structural problems predicted to lead to higher government debt risk.
According to official data released by the communist regime’s Statistics Bureau, China’s GDP grew just 0.8 percent in April-June from the previous quarter, reporting slowing momentum in the world’s second-largest economy.
However, the GDP growth rate in the second quarter reached 6.3 percent year-on-year, the highest quarterly growth rate in the past two years. The year-on-year growth rate of GDP in the first half of the year reached 5.5 percent….