Incoming Chinese Premier: Don't Trust Our Economic Data

I have been writing here for the past two years that China’s economic demise has been well underway since at least 2007.

Further evidence of this comes from no one less than the soon-to-be-leader of the Communist Party.

In a great piece at Bloomberg today, we learn from Li Keqiang- who will take over as Premier next year- that economic data is never to be trusted in China.

It makes one wonder why anyone - including the 53% of Americans who wrongly believe China is the biggest economy in the world - would ever think that country was a threat to the West in the first place.