"China's economic data has long drawn doubters. This year's remarkable run of three quarters all posting the same 6.7 percent year-on-year expansion is reviving the skeptics. That's because the rate falls so perfectly between the government's targeted 6.5 percent to 7 percent range."
"If policy makers do insist on maintaining such high annual growth targets, it is arguably preferable in economic terms that they simply massage the GDP figures in order to meet them on paper rather than overstimulate the economy"
"The nation's communist leaders vowed to double total output and individual's incomes by 2020 from 2010 levels. That leaves them wedded to a base line of 6.5 percent growth as an annual minimum to get there."
ZH: Dec. 31, 2014
"China is set to record its weakest growth in GDP in 25 years. Yet it seems to have entered a bull market and may be where we deploy much more of our risk capital next year. That's because the recent exuberant run up in onshore Chinese equities seems to me to amply demonstrate the power of imagined realities. "
"The nation's communist leaders have harnessed the powers of imagined reality again this year..."
China GDP (red line). I took the liberty of estimating that this year's GDP is not 6.7%...
It's better if S&P gamblers don't see this coming either, since they might sell Facebook...
OPEC will never figure out why their demand estimates for oil are constantly off by a factor of 100% either...
Yuan with oil:
Nor why global trade is imploding in real-time...
Global merchandise exports with Global Dow:
