**China’s Economic Data Contradicts Xi Jinping’s New Year Celebration Claims**
In a surprising turn of events, China’s economic data contradicts the bold claims made by Xi Jinping in his New Year’s greetings speech. The leader of the Communist Party of China sang praises of “China’s economic brightness theory,” but the latest economic indicators tell a different story.
Xi Jinping declared that China had achieved a total economic volume exceeding 126 trillion yuan and boasted of high grain production, stable employment, and prices. However, recent data from the Communist Party of China has revealed a different picture.
The latest official figures show that China’s manufacturing activity has been shrinking for the fourth consecutive month, with the manufacturing purchasing managers index (PMI) standing at 49.2%, below the 50% line of expansion and contraction. The new orders index contracted for the fourth consecutive month and new export orders contracted for the tenth consecutive month.
Even in the non-manufacturing sector, the situation is mixed. While the non-manufacturing purchasing managers index (PMI) increased to 50.7%, the construction industry’s growth rate significantly slowed down.
In addition, the widely questioned official 5.2% GDP growth rate for 2023 has led to skepticism from independent commentators. Cai Shenkun, a Chinese writer and independent commentator, highlighted that almost all economic indicators were deteriorating, contradicting the official GDP growth rate.
Echoing this sentiment, writer and commentator Xiang Yang expressed his disbelief, stating that the CCP’s continuous broadcasts to China were simply perpetuating deception.
Xi Jinping’s optimistic claims have sparked concern among critics who fear that ignoring reality and indulging in dreams will bring suffering to the country and the nation.
As the debate rages on, Voice of Hope continues to deliver honest reporting, providing a beacon of hope for those seeking the truth in China’s complex economic landscape.