The WSJ, FT and other MSM news outlets merely parrot Chinese economic statistics. Rarely do they point out the fact that the numbers they use in their reporting are from an opaque, totalitarian state. The NYT has:
The severity of China’s inventory overhang has been carefully masked by the blocking or adjusting of economic data by the Chinese government — all part of an effort to prop up confidence in the economy among business managers and investors.
Let’s see if the other news outlets take the Times’ lead and begin calling out the Chinese government for manipulating these statistics.