{"id":438725,"date":"2021-09-28T11:48:27","date_gmt":"2021-09-28T06:18:27","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=438725"},"modified":"2021-09-28T11:48:27","modified_gmt":"2021-09-28T06:18:27","slug":"evergrande-and-chinas-energy-crisis-are-two-sides-of-one-coin","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/evergrande-and-chinas-energy-crisis-are-two-sides-of-one-coin\/","title":{"rendered":"Evergrande and China\u2019s energy crisis are two sides of one coin"},"content":{"rendered":"<p>China\u2019s data on economic growth is man-made, and therefore unreliable.<\/p>\n<p>That\u2019s not the opinion of a provocateur, but the reported views of the country\u2019s own Premier. During a dinner with U.S. ambassador Clark Randt in 2007, Li Keqiang \u2014 then party secretary of Liaoning province and a rising star in the Communist Party \u2014 said that official data on gross domestic product was less reliable than a mix of electricity consumption, rail cargo volumes, and loan growth. Those three figures were harder to fudge to produce a politically-convenient result, he said, according to a memo from the U.S. embassy released by Wikileaks in 2010.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China\u2019s data on economic growth is man-made, and therefore unreliable. That\u2019s not the opinion of a provocateur, but the reported views of the country\u2019s own Premier. During a dinner with U.S. ambassador Clark Randt in 2007, Li Keqiang \u2014 then party secretary of Liaoning province and a rising star in the Communist Party \u2014 said that official data on gross domestic product was less reliable than a mix of electricity consumption, rail cargo volumes, and loan growth. Those three figures were harder to fudge to produce a politically-convenient result, he said, according to a memo from the U.S. embassy released [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-438725","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/438725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=438725"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/438725\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=438725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=438725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=438725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}