Incoming Chinese Premier: Don't Trust Our Economic Data

July 13, 2012

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.

About the Author

Andrew R. Thomas Blog | Associate Professor of Marketing and International Business

Andrew R. Thomas, Ph.D., is associate professor of marketing and international business at the University of Akron; and, a member of the core faculty at the International School of Management in Paris, France.

He is a bestselling business author/editor, whose 23 books include, most recently, American Shale Energy and the Global Economy: Business and Geopolitical Implications of the Fracking Revolution, The Customer Trap: How to Avoid the Biggest Mistake in Business, Global Supply Chain Security, The Final Journey of the Saturn V, and Soft Landing: Airline Industry Strategy, Service and Safety.

His book The Distribution Trap was awarded the Berry-American Marketing Association Prize for the Best Marketing Book of 2010. Another work, Direct Marketing in Action, was a finalist for the same award in 2008.

Andrew is founding editor-in-chief of the Journal of Transportation Security and a regularly featured analyst for media outlets around the world.

He has traveled to and conducted business in 120 countries on all seven continents.