China’s government has been trying to put the best face on its economic growth prospects as it struggles with tariff pressures and a loss of investor confidence at home.
The clash between the government’s “good news” campaign and the market’s responses played out during the recent Golden Week holiday when official media issued a series of upbeat reports ahead of the reopening of trading on China’s stock exchanges on Oct. 8.
A lengthy analysis by the official Xinhua news agency on Oct. 7 offered “Key statistics revealing China’s economic resilience.” The “good news” story cited selected travel data during the one-week break along with figures on consumer spending and fixed asset investment in projects like buildings and roads.
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