The China Bust

Everything is going so well for the Chinese economy that the government doesn’t even need to print statistics anymore. What a glorious victory for Comrade Xi!

Of course, the real reason the Chinese government has been releasing less and less economic data over the past few years is that the Chinese economic picture is becoming less and less positive. Rather than release information that would reflect poorly on the CCP, China is just keeping more of it under wraps.

It’s a common tactic in authoritarian regimes. East Germany won praise...